Lockheed Martin [LMT] recently conducted successful tactical ballistic missile interception tests for two of its PAC-3 Cost Reduction Initiative (CRI) interceptors, the company said March 6.The latest tests were the 10th and 11th successful intercepts in the last six years conducted under the Army’s Field Surveillance Program to ensure PAC-3 CRI readiness."PAC-3 continues to be successful against today's evolving threats, and it remains the only combat proven Hit-to-Kill interceptor in the world," Jay Pitman, vice president of PAC-3 programs for Lockheed…
Contract Updates
Hartech Group LLC (New Port Richey, Florida) – $10,153,033
Hartech Group LLC, New Port Richey, Florida, has been awarded a maximum $10,153,033 firm-fixed-price contract for three high precision jig grinders with Fanuc controllers. This was a sole-source acquisition using justification 10 U.S. Code 3204 (c)(1), as stated in Federal…
Lockheed Martin Space (Sunnyvale, California) – $142,621,543
Lockheed Martin Space, Sunnyvale, California, is being awarded a $142,621,543 noncompetitive, cost-plus-incentive-fee, cost-plus-fixed-fee, and firm-fixed-price contract modification (P00073) under a Foreign Military Sales (FMS) case to the United Arab Emirates (UAE). The total value of the contract increased to $876,747,896.…
Amentum Services (Chantilly, Virginia) – $10,645,952
Amentum Services, Chantilly, Virginia, was awarded a $10,645,952 cost-no-fee, time-and-materials modification (P00074) to contract W58RGZ-25-C-0004 to provide global aviation maintenance services. The modification brings the total cumulative face value of the contract to $158,855,989. Work will be performed in Schofield…
General Electric Co. (Lynn, Massachusetts) – $26,950,000
General Electric Co., Lynn, Massachusetts, was awarded a $26,950,000 cost-plus-incentive-fee modification (P00100) to contract W58RGZ-19-C-0003 to support the engineering and manufacturing development of the improved turbine engine. The modification brings the total cumulative face value of the contract to $862,954,255.…
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