Lockheed Martin Corp. (NYSE:LMT) has been awarded two contract modifications by the U.S. Department of War with a combined value of $91,867,982.
The company's Space division in Sunnyvale, California, received a $68,555,412 cost-plus-incentive-fee modification tied to the Next Generation Overhead Persistent Infrared Geosynchronous program. That change raises the total contract value from $8,164,061,784 to $8,226,409,672. The associated work is scheduled to be performed in Boulder, Colorado, and is expected to be completed by August 2028. The Space Systems Command in El Segundo, California, is the managing contracting authority for this modification. At the time the award was made, $17,194,677 in fiscal 2026 research, development, testing and evaluation funds were obligated to the contract.
Separately, Lockheed Martin Aeronautics Co., based in Fort Worth, Texas, was granted a $23,312,570 modification to a cost-plus-fixed-fee contract. This modification covers maintenance and sustainment activities for the U.S. Reprogramming Laboratory and the Partner Support Complex, including consumables and field service representative support. The effort supports the Department of the Air Force, the Department of the Navy, and the F-35 Lightning II program participants that are not part of the U.S. Department of War as well as Foreign Military Sales participants.
Work under the Aeronautics modification is to be performed in Eglin, Florida (80%) and Fort Worth, Texas (20%), with an expected completion date of April 2027. The Naval Air Systems Command in Patuxent River, Maryland, is the contracting activity for that award.
Context and scope
Both modifications are structured as adjustments to existing contracts and specify locations, completion windows, and the government offices managing the procurements. The larger Space Systems Command-managed modification increases an already multi-billion dollar program value, while the Aeronautics modification focuses on sustainment and operational support of facilities and systems tied to the F-35 program and international participants.