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Tag: Lockheed

Lockheed Martin wins C-5 logistics support contract

Lockheed Martin wins C-5 logistics support contract

Business
Feb. 9 (UPI) -- Lockheed Martin has been awarded a contract for contractor logistics support for the C-5 Galaxy, a military transport aircraft.The deal, announced Thursday by the Department of Defense, is valued at more than $ 6.6 million under an indefinite-delivery, indefinite-quantity contract.The agreement taps Lockheed Martin to provide "supply chain management, repair, and technical support services," the Pentagon said in a press release.Work will occur in Marietta, Ga., and Greenville, S.C., and is expected to be completed in July 2018.The total amount of the contract will be obligated to Lockheed Martin at the time of award from a combination of fiscal 2018 transportation working capital funds and operations and maintenance funds, according to the Defense Department.Let's block ads...
Lockheed to support AEGIS missile system on USS Stout

Lockheed to support AEGIS missile system on USS Stout

Business
Jan. 8 (UPI) -- Naval Sea Systems Command has awarded Lockheed Martin a contract for the AEGIS Ballistic Missile Defense equipment in support of the USS Stout, an Arleigh Burke-class guided-missile destroyer.The contract, announced Friday by the Department of Defense, is worth more than $ 10.1 million under a fixed-price-incentive modification to a previous award contract.The modification could provide additional funds to Lockheed Martin depending on how well the company performs on the contract.The AEGIS Ballistic Missile Defense system provides missile defense against short- to intermediate-range ballistic missiles, according to the U.S. Navy.Work on the contract will occur in New Jersey and Florida, and is expected to be completed April 2019.Lockheed Martin will receive $ 10.1 million a...
Lockheed to support Korea's Peace Krypton intelligence aircraft

Lockheed to support Korea's Peace Krypton intelligence aircraft

Business
Jan. 2 (UPI) -- Lockheed Martin was awarded a $ 33.6 million contract by the U.S. Air Force to extend support for South Korea's tactical reconnaissance aircraft and mission support equipment.The terms of the deal, announced Friday by the Department of Defense, enlists Lockheed to provide prime missions equipment and technical manuals in support of the Republic of Korea's Peace Krypton reconnaissance aircraft system.The deal is not-to-exceed more than $ 33.6 million under a cost-plus-fixed-fee and firm-fixed-price undefinitized contract. A cost-plus-fixed-fee agreement would provide Lockheed Martin with a negotiated reimbursement fee if there are potential overrun costs on the contract.Korea's Peace Krypton reconnaissance aircraft system is a militarized version of Raytheon's Hawker 800XP, ...
Lockheed joins Gray Wolf missile development program

Lockheed joins Gray Wolf missile development program

Business
Dec. 27 (UPI) -- The Air Force has awarded Lockheed Martin the second deal, after Northrop Grumman, for development and demonstration of a new low-cost cruise missile called Gray Wolf.The terms of the $ 110 million deal were made public by Lockheed Martin on Wednesday in announcing the five-year contract for phase 1 of Gray Wolf development.Last week, the U.S. Air Force Research Laboratory awarded the same deal to Northrop Grumman as part of the program to develop the weapon.The Gray Wolf program aims to develop a low-cost, subsonic cruise missile that can be integrated into multiple air platforms from U.S. Air Force fighter jets to bombers. Lockheed officials say the initial demonstrations will be from an F-16.Overall, the program aims to defeat an enemy's integrated air defense system by...
Lockheed Martin to support AEGIS system for Japanese self defense forces

Lockheed Martin to support AEGIS system for Japanese self defense forces

Business
Dec. 18 (UPI) -- Lockheed Martin has been awarded a contract for the AEGIS weapon system by the U.S. Navy for new construction in support of Japan's Maritime Self Defense Force.The deal, announced Friday by the Department of Defense, is worth more than $ 135.8 million under the terms of a cost-plus-incentive-fee, cost-plus-fixed-fee contract.The contract calls for new construction and integration of a DDG AEGIS, which is a centralized, automated, command-and-control weapon system used to rapidly detect and track more than 100 targets at once.Work on the contract will occur in several U.S. states, as well locations in Japan, and is expected to be completed in December 2018.The terms of the deal provide cost reimbursement from the U.S. government that would aid Lockheed Martin on potential c...