Lockheed team wins $10 billion Air Force pact

February 13, 1999|By BLOOMBERG NEWS

WASHINGTON -- Lockheed Martin Corp., the nation's top defense contractor, leads a team that won a contract yesterday worth up to $10.1 billion to repair and overhaul U.S. Air Force planes.

Bethesda-based Lockheed Martin beat a team led by No. 7 contractor United Technologies Corp.'s Pratt & Whitney for the 15-year contract.

The work is for engines in F-16 and F-15 fighter jets, C-130 and C-5 transports, and Navy P-3 Orion surveillance planes.

Lockheed Martin's Greenville, S.C.-based Aircraft & Logistics Center will shift much of the work to the Oklahoma Air Logistics Center at Tinker Air Force Base.

Lockheed Martin and Tinker are an example of post-Cold War competition in which private contractors and military installations join forces to vie for work once done by repair facilities shut down as military bases close.

Pub Date: 2/13/99

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