Lockheed Martin Awarded $10.86B For F-22 Modernization Contract

The U.S. Air Force awarded Lockheed Martin $10.86 billion to sustain and modernize their fleet of F-22 Raptors.

The Pentagon released statement reads, "Lockheed Martin Corp., Fort Worth, Texas, has been awarded a $10,863,000,000 indefinite-delivery/indefinite-quantity contract for Advanced Raptor Enhancement & Sustainment (ARES) for the F-22 Program Office. This contract vehicle provides support for the necessary supplies and services to sustain and modernize the F-22 Raptor, including modernization hardware kit procurement and services such as upgrades, enhancements and fixes, as well as performance-based logistics services."

If every option is exercised, the work is expected to be completed by October 31, 2031.

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