This is a $553,761,874 definitive fixed price incentive contract with Lockheed Martin Corporation to develop and field the Advanced Radar Threat System Variant-2 (ARTS-V2), a radar threat training platform for U.S. aircraft. The contract was awarded by the Air Force Materiel Command. No set-aside designation was used. Lockheed Martin has served as a prime contractor on numerous major defense programs, including the Terminal High Altitude Area Defense (THAAD) system, Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement, Guided Multiple Launch Rocket System (GMLRS), and Precision Strike Missile. The company frequently partners with subcontractors such as Boeing, Northrop Grumman, and Honeywell to support specialized capabilities. Lockheed Martin holds several active indefinite delivery vehicles (IDVs) and indefinite delivery/indefinite quantity (IDIQ) contracts that enable rapid acquisition of critical defense products and services.
Generated 10/22/24, 9:18 AM