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Lockheed Martin Wins Contract Worth Potential $900 Million for F-16 Depot Work

Frank Wolfe Frank Wolfe
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The U.S. Air Force on Dec. 11 awarded Lockheed Martin [LMT] a contract over three other bidders worth potentially $900 million for depot work on the company's F-16 fighter. Under the contract, the company is to open a U.S.-based facility to support F-16 maintenance and service life extension program (SLEP) modification efforts to ease the load on Hill AFB, Utah to keep the planes flying through 2046 (Defense Daily, Feb. 28) "Support will include all aircraft modifications, unplanned drop-in maintenance,…

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