Business

Lockheed to support Korea’s Peace Krypton intelligence aircraft

Jan. 2 (UPI) — Lockheed Martin was awarded a $33.6 million contract by the U.S. Air Force to extend support for South Korea’s tactical reconnaissance aircraft and mission support equipment. The terms of the deal, announced Friday by the Department of Defense, enlists Lockheed to provide prime missions equipment and technical manuals in support of the Republic of Korea’s Peace ...

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Air Force awards Raytheon with dual AMRAAM contracts

Dec. 29 (UPI) — Raytheon was awarded two contracts from the U.S. Air Force on Thursday for advanced medium range air-to-air missiles, or AMRAAMs, for the United States and multiple foreign countries. The contracts, announced on Thursday by the Department of Defense, total $659.9 million — $634 million for production of AMRAAMs and related issues, and $25.7 million for equipment ...

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Boeing to provide services for F/A-18 Hornets

Dec. 29 (UPI) — Naval Air Systems Command awarded Boeing a $148.5 million contract for support and sustainment services for several variants of the F/A-18 Hornet. The deal, announced on Thursday by the Department of Defense, comes under a modified contract classified as firm-fixed-price, indefinite-delivery, indefinite-quantity contract, meaning additional costs potentially accumulated by Boeing during work on the contract will ...

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Lockheed awarded contract for AEGIS upgrades

Dec. 29 (UPI) — Lockheed Martin has been awarded a contract for upgrades and services for the AEGIS weapon system. The $20.5 million contract, announced Thursday by Department of Defense, comes under a cost-plus-fixed fee, firm-fixed-price letter contract, which is a cost-reimbursement contract that provides for additional funds to Lockheed Martin depending on the fee that was negotiated at the ...

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