Lockheed Martin (LMT) was awarded a ceiling $265.96M undefinitized contract action for F-16 System Program Office Foreign Military Sales support. This contract provides for an operational flight program update and transfer of F-16 aircraft from Denmark to Argentina. Work is expected to be completed by March 31, 2032. This contract involves FMS to Argentina. This contract was a source directed acquisition. FMS funds in the amount of $53.19M are being obligated at the time of award. The Air Force Lifecycle Management Center is the contracting activity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Citi believes it is time to buy defense stocks
- Apple (AAPL) Is the Best Technology Stock to Own in a Trade War, Says Evercore ISI
- Lockheed Martin to unveil $150,000 ‘affordable’ cruise missile, Reuters reports
- Lockheed Martin (LMT) Launching Budget Cruise Missile to Strengthen U.S. Pacific Defense
- Lockheed Martin awarded $126.99M Navy contract modification