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Defence contracts

Lockheed Martin Awarded $492.7 Million Contract for F-35 Logistics Support

Strategic Insights

— 2 min read

Lockheed Martin, a major defense contractor, has been awarded a significant contract to provide logistics support for the F-35 Lightning II Joint Strike Fighter aircraft. The contract, worth $492.7 million, will cover a range of services, including ground maintenance, action request solutions, and training system sustainment, for the Air Force, Marine Corps, Navy, and non-U.S. Department of Defense (DOD) participants. The work will be performed at various locations, including Fort Worth, Texas, Orlando, Florida, and the United Kingdom, and is expected to be completed by December 2022.

Key Takeaways:

  • The contract, valued at $492.7 million, is a significant modification to a previously awarded contract (N0001921C0020) for logistics support services.
  • The services covered under the contract include ground maintenance, action request solutions, depot activities, and training system sustainment for the F-35 aircraft.
  • The contract will support delivered F-35 aircraft systems for the Air Force, Marine Corps, Navy, non-U.S. DOD participants, and Foreign Military Sales (FMS) customers.
  • The work will be performed at multiple locations, with Fort Worth, Texas, accounting for 57% of the total work, followed by Orlando, Florida (26%), Greenville, South Carolina (11%), Samlesbury, United Kingdom (4%), and El Segundo, California (2%).
  • The contract will be funded by a combination of fiscal 2022 operation and maintenance (Air Force) funds, fiscal 2022 operation and maintenance (Marine Corps) funds, fiscal 2022 operation and maintenance (Navy) funds, non-U.S. DOD participant funds, and FMS funds.
  • $250.9 million of the funds obligated at the time of award will expire at the end of the current fiscal year.

Statistics:

  • $492,685,342: The total value of the contract.
  • 57%: The percentage of work to be performed in Fort Worth, Texas.
  • 26%: The percentage of work to be performed in Orlando, Florida.
  • 11%: The percentage of work to be performed in Greenville, South Carolina.
  • 4%: The percentage of work to be performed in Samlesbury, United Kingdom.
  • 2%: The percentage of work to be performed in El Segundo, California.
  • $147,198,032: The amount of fiscal 2022 operation and maintenance (Air Force) funds obligated.
  • $70,486,732: The amount of fiscal 2022 operation and maintenance (Marine Corps) funds obligated.
  • $33,273,400: The amount of fiscal 2022 operation and maintenance (Navy) funds obligated.
  • $167,620,202: The amount of non-U.S. DOD participant funds obligated.
  • $74,106,976: The amount of FMS funds obligated.
  • $250,958,164: The amount of funds that will expire at the end of the current fiscal year.

Sources:

  • "Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is awarded a $492,685,342 cost-plus-fixed-fee, cost-plus-incentive-fee, fixed-price-incentive, firm-fixed-price, cost reimbursable modification (P00027) to a previously awarded contract (N0001921C0020)." (Albawaba.com, 2021) Provided by SyndiGate Media Inc. (Syndigate.info)

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