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U.S. Air Force Awards Lockheed Martin Potentially $10.9 Billion Contract for F-22 Modernization

Frank Wolfe Frank Wolfe
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U.S. Air Force Awards Lockheed Martin Potentially $10.9 Billion Contract for F-22 Modernization
A Lockheed Martin F-22 at Hill AFB, Utah (Lockheed Martin Website Photo)

The Air Force on Nov. 5 awarded Lockheed Martin [LMT] a contract potentially worth nearly $10.9 billion to modernize the fighter through October 2031 under the Advanced Raptor Enhancement & Sustainment (ARES) program. "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," the Air Force said in a contract announcement on Nov.…

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