Sign In
Search
Advanced / Transformational Technology

Lockheed Martin Pushes to Extend F-35 Sustainment Contracts From One Year to Five Years

Vivienne Machi By
SHARE:
Lockheed Martin Pushes to Extend F-35 Sustainment Contracts From One Year to Five Years
The F-35A flies its aerial demonstration debut at the 2017 Paris Air Show. (Photo: Ethan Stokes/Lockheed Martin)

NATIONAL HARBOR, Md. – The F-35 Joint Strike Fighter’s manufacturer wants to negotiate maintenance contracts on a five-year schedule, a new process it claims will save $1 billion in sustainment costs for the U.S. military over that contract period. Lockheed Martin [LMT] is pitching a shift away from the typical yearly contract negotiation cycle that the company says assumes significant government risk and drives minimal long-term industry investment. Officials submitted a white paper to Pentagon acquisition leaders in August to…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

Lockheed Martin Will Likely Need to Speed Production to Meet 148 F-35 Delivery Goal This Year

Air Force

Incentive Payments in New F-35 Sustainment Contract Contingent on LMT Meeting Goals

Air Force

Navy Awards Lockheed Martin $3.7 Billion In Additional F-35 LRIP Aircraft

Air Force

Lockheed Martin Lowers F-35A Price Tag Below $90 Million

Trending

Missing Radiation Source Found in New Jersey; State, Federal Agencies Say They Did Not Use Drones To Look For It
18 Rocket Lab Satellites for SDA to Carry Standard Tactical SATCOM Radios, As Agency Awaits Funding for Advanced Tactical Data Links
U.S. Space Force Launches Seventh X-37B Mission
10,000 “Operationally Relevant” Commercial EO Images Provided to NGA Per Week
USAF Looking for “Revolutionary” Concepts for Next Generation Refueler-Airlift Teaming

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Force Multipliers

Brian Hill – Research Innovations, Inc.

Job Feed

Post a Job // Post a Resume