Government Contracts Air Force Awards $62 Billion Contract for F-16 Aircraft Production (Foreign Military Sales)
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Thursday, September 3, 2020

Air Force Awards $62 Billion Contract for F-16 Aircraft Production (Foreign Military Sales)

By Government Contracts Editorial Staff

Lockheed Martin Corp., Fort Worth, Texas, has been awarded a $62,000,000,000 ten-year, indefinite-delivery/indefinite-quantity, fixed-price-incentive contract for new production of F-16 Foreign Military Sale aircraft. The total value for the initial delivery order is $4,941,105,246 and will be awarded on the same date. The initial delivery order is for 90 aircraft, including both the pre-priced recurring core configuration costs at $2,862,797,674 and the engineering change proposal/undefinitized contract action for the non-recurring costs not-to-exceed $2,078,307,572 obligated at approximately $1,018,370,710. Work will be primarily performed in Greenville, South Carolina; and Fort Worth, Texas, and is expected to be completed December. 31, 2026. This contract involves 100% FMS to FMS partner nations and is the result of a sole-source acquisition. FMS funds in the amount of $3,881,168,384 are being obligated at the time of award. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.

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