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"This contract is a vital part of keeping the combat Raptor (F-22) fleet in fighting form," said Ken Merchant, vice president of Lockheed Martin's F-22 Program.
FORT WORTH, Texas, Nov. 16, 2016 – Lockheed Martin Corp. (NYSE: LMT) has received a $536 million contract modification from the U.S. Air Force for sustainment of the F-22 Raptor. The funding is part of a Performance-Based Logistics (PBL) contract providing weapon systems sustainment of the F-22 fleet at all operational bases for the 2017 calendar year.
Lockheed Martin provides sustainment services to the F-22 fleet through a U.S. Air Force-awarded PBL contract and a comprehensive weapons management program called Follow-on Agile Sustainment for the Raptor (FASTeR).
As the original equipment manufacturer and support integrator for the F-22 Raptor, Lockheed Martin works closely with the U.S. Air Force to integrate a total life-cycle systems management process to ensure that the Raptor fleet is ready to perform its mission.
“This contract is a vital part of keeping the combat Raptor [F-22] fleet in fighting form,” said Ken Merchant, vice president of Lockheed Martin’s F-22 Program. “Our collaborative partnership with the Air Force and our industry partners ensures that our warfighters get the critical capabilities they need to accomplish their missions.”
The U.S. has deployed F-22s to Asia and Europe to reinforce security commitments and bolster strategic partnerships with allies. F-22s are also currently deployed to the Middle East where they are supporting Operation Inherent Resolve.
The F-22 Raptor defines air dominance. The 5th Generation F-22’s unique combination of stealth, speed, agility, and situational awareness, combined with lethal long-range air-to-air and air-to-ground weaponry, makes it the best air dominance fighter in the world.
For additional information, visit our website: lockheedmartin.com/f22
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.