Lockheed Martin Wins $10.86B F-22 Modernization Contract

The U.S. Air Force awarded Lockheed Martin $10.86 billion to modernize their fleet of F-22 Raptors.

A Pentagon statement dated today said, “Lockheed Martin Corp., Fort Worth, Texas, has been awarded a $10,863,000,000 indefinite-delivery/indefinite-quantity contract for Advanced Raptor Enhancement & Sustainment (ARES) for the F-22 Program Office.”

This contract vehicle provides support for the necessary supplies and services to sustain and modernize the F-22 Raptor, including modernization hardware kit procurement and services such as upgrades, enhancements and fixes, as well as performance-based logistics services.

Work is expected to be completed by October 31, 2031.

The result of the U.S.A.F.'s Advanced Tactical Fighter (ATF) program, the F-22 was designed as an air superiority fighter, but also has ground attack, electronic warfare, and signals intelligence capabilities. The service originally planned to buy a total of 750 ATFs. In 2009, the program was cut to 187 operational aircraft due to high costs, a lack of clear air-to-air missions during production, a ban on exports, and to focus on the development of F-35 jet. The last F-22 was delivered in 2012. The Next Generation Air Dominance (NGAD) fighter component is expected to be the successor to the F-22.