Lockheed Martin (LMT) has been awarded a $62 billion ten-year, indefinite-delivery/indefinite-quantity (IDIQ), fixed-price-incentive contract for new production of F-16 Foreign Military Sale (FMS) aircraft.The total value for the initial delivery order is $4,941,105,246 and will be awarded on the same date, the US Department of Defense wrote on August 14.According to the statement, 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, …read more
Source:: Yahoo Finance
