LMT - Lockheed Martin Secures $520M Air Force Contract For F-16 Viper Shield Electronic Warfare Suite | Benzinga
Lockheed Martin Aeronautics, a unit of Lockheed Martin Corporation (NYSE:LMT), has been awarded a $520.4 million contract modification by the U.S. Air Force to produce the F-16 Viper Shield electronic warfare suite.
What Happened: The contract modification, a fixed-price incentive, allows the contractor to commence production tasks. The total cumulative face value of the contract now stands at $897.4 million, according to a press release from the U.S. Department of Defense on Tuesday.
The work is expected to be completed by June 2028 and will be carried out in Fort Worth, Texas. The modification includes foreign military sales to the airforces of Bahrain, Bulgaria, Morocco, the Slovak Republic, and Taiwan.
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