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Lockheed Martin Wins $10.9B F-22 Modernization Deal

Our Bureau - : Nov 7, 2021 - : 12:37 am

Lockheed Martin has been awarded a US$10.9 billion contract by the U.S. Air Force to modernize its F-22 Raptor fighter jet.

The indefinite-delivery, indefinite-quantity contract for Advanced Raptor Enhancement & Sustainment (ARES) for the F-22 Program Office will help sustain and modernize the F-22 Raptor, and will include modernization hardware kit procurement and services such as upgrades, enhancements and fixes, as well as performance-based logistics services.

If all contract options are exercised, work on the ten-year contract is expected to be completed by Oct. 31, 2031. Work will be carried out in Fort Worth, Texas.

The Air Force plans to eventually retire the F-22 not long after the contract period ends.

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