Assignment ground lease Hangar 7 Republic Airport Town of Babylon Suffolk County

Modern Aviation Farmingdale LLC has been awarded contract L10276R by the New York Department of Transportation, with a cumulative contract value of $36.0 million. The contract was awarded on February 19, 2026, and carries a completion date of October 15, 2069, representing a substantial long-term service commitment. The extended performance period suggests an ongoing operational or maintenance agreement rather than a discrete project delivery.

Based on the contractor name and awarding department, the contract likely involves aviation-related services at or near Farmingdale, New York, though specific details regarding the exact scope of work, performance location, and service deliverables are not provided in the contract documentation. The 43-year performance window is consistent with infrastructure management, facility operations, or long-term concession agreements common in aviation facility contracts. Additional contract documentation would be required to determine the precise nature of services, annual performance obligations, and specific deliverables under this agreement.