Lockheed Martin Corporation

Lockheed Martin Corporation, doing business as Lockheed Martin Aerostructures, is a large prime contractor delivering U-2 reconnaissance aircraft sustainment, modernization, and depot maintenance to the U.S. Air Force, alongside advanced aerospace research and development work for DARPA and the Air Force Research Laboratory. The company competes exclusively on a full-and-open basis with no set-aside designations across its federal footprint.

Lockheed Martin Aerostructures is a subsidiary of Lockheed Martin Corp, a global aerospace and defense manufacturer headquartered in Bethesda, Maryland. The subsidiary operates from Palmdale, California, with work also performed at Beale Air Force Base, California. The company manufactures aircraft structures, aerostructures, and airframe components under primary NAICS 336411 (Aircraft Manufacturing) and 336412 (Aircraft Parts Manufacturing), with significant research and development capability spanning aerospace vehicle technologies, avionics systems, and next-generation air dominance prototyping.

Customer concentration is extreme: the Department of the Air Force accounts for 215 awards (approximately 74% of award count by the top-five customer grouping) with $92.48 billion in combined potential value, representing 83% of the vendor's total potential value across 726 awards. Within Air Force awards, the Warner Robins Air Logistics Complex dominates the delivery portfolio, with 121 awards and $10.88 billion in potential value anchored by a single-award $1.862 billion indefinite delivery contract for FY24–FY29 U-2 support, services, and modernization running through July 31, 2029. The Department of the Air Force Materiel Command Lifecycle Management Center at Robins Air Force Base accounts for an additional 101 awards valued at $1.91 billion. DARPA contributes 46 awards with $2.44 billion in potential value, focused on advanced aerospace research and technology development. The Air Force Aeronautical Systems Center manages the Next Generation Air Dominance (NGAD) Prototyping vehicle, a $975 million single-award contract awarded June 30, 2022, with ultimate completion August 17, 2032, supporting fifth-generation and beyond fighter aircraft development at Palmdale.

Representative prime work illustrates the portfolio scope: a $688.4 million cost-plus-fixed-fee definitive DARPA research contract awarded October 17, 2023, with completion December 8, 2028; a $199.99 million cost-no-fee delivery order from Warner Robins Air Logistics Complex for FY24 U-2 sustainment, issued August 1, 2024, completing September 30, 2026; a $79.29 million cost-plus-fixed-fee order for FY26 U-2 sustainment and support services, issued February 1, 2026, completing August 31, 2026; and a $13.378 million cost-plus-fixed-fee order for U-2 aircraft full restoration and return to flight (Phase 1), issued July 1, 2026, completing January 31, 2029. Lockheed Martin also holds a $200 million multiple-award indefinite delivery contract for the Multidisciplinary, Aerodynamics, and Structures Technologies Research (MASTR) program, awarded April 9, 2026, by the Air Force, with period of performance through April 9, 2036, and a $725 thousand Other Transaction IDV from DARPA awarded February 12, 2024. On the Eglin Wide Agile Acquisition Contract (EWAAC), a $46 billion multiple-award vehicle for armament and weapons development, Lockheed Martin holds a position with a $1.037 billion delivery order for the Advanced Radar Threat System Variant 3, performed in Palmdale through May 2028.

Activity has declined sharply in the recent period: 18 awards in 2022, declining to 8 in 2023, 10 in 2024, 3 in 2025, and 5 in 2026 year-to-date. Seven awards with combined potential value of $1.25 billion reach ultimate completion within the next twenty-four months, representing moderate recompete exposure driven by the U-2 sustainment vehicle's rolling renewal structure. The top five parent vehicles account for 260 task orders, with the single-award $1.862 billion U-2 IDIQ (FA852819D0015) anchoring 48 task orders valued at $1.75 billion, and an older U-2 vehicle (F3365798D0117) accounting for 50 task orders of unspecified aggregate value.

On the subcontractor side, Lockheed Martin performs specialized aerospace engineering and component integration work under large primes including RTX Corporation (F-35 engine sustainment), Northrop Grumman Systems Corp (B-2 sustaining engineering), The Boeing Company (Generator Energy Storage Integrated System), and General Electric Company (UAS power generation and advanced technology development). The company also subcontracts to academic institutions including the University of Dayton on automation, robotics, and environmental technology initiatives, and to specialty vendors including Starfire Industries on advanced coating development for refractory alloys.

Service Contract Inventory reporting captures $109.5 million in invoiced federal service revenue across FY2022–FY2025, with $51.2 million and 98.8 FTEs in FY2022, $58.3 million and 117 FTEs in FY2023, and zero reporting in FY2024–FY2025. The drop-off reflects a shift to goods and products not captured by SCI thresholds rather than loss of volume; the U-2 sustainment vehicle and DARPA research contracts dominate the dollar base. Across SCI-reportable prime contracts, median government-paid rates ran $244.32 per hour, with rates spanning $240.40 to $248.23 per hour. Lockheed Martin self-performed all reported labor with no subcontractor engagement on SCI-captured contracts, maintaining full vertical integration on U-2 sustainment operations.