A potentially $2.6 billion contract awarded on Apr. 1, 2019 to Lockheed Martin [LMT] for sustaining the U-2 reconnaissance aircraft is one of 21 depot maintenance contracts of concern for the Pentagon Inspector General (IG). "DoD contracting officials may not have negotiated fair and reasonable prices for 21 of 34 sole‑source and single‑source depot maintenance contracts in our sample, valued at $4.6 billion, as required by the FAR [Federal Acquisition Regulations]," the DoD IG said in a new report. For…
