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.