Lockheed Martin Awarded $2.9 Billion F/A-22 Raptor Lot 5 Production Contract

25 November 2005

Lockheed Martin has been awarded a $2.9 billion contract by the U.S. Air Force for continued production of F/A-22 aircraft through November 2007.

""As the Air Force has announced, we have concluded negotiations to produce 24 F/A-22 5th Generation stealth fighter aircraft as previously authorized in the FY-05 Defense Budget. This is great news for the Department of Defense, the U.S. Air Force and the nationwide F/A-22 Raptor team,"" said Larry Lawson, Lockheed Martin executive vice president and F/A-22 program manager.

The new Lot 5 production contract will increase the total number of contracted aircraft to 107. To date, 53 aircraft have been delivered to the U.S. Air Force and 66 have completed final assembly. The Air Force is flying the F/A-22 Raptor at four bases across the United States and is preparing for Initial Operational Capability in December.

The F/A-22 Raptor is built at Lockheed Martin Aeronautics facilities and also includes 1000 nationwide suppliers and subcontractors in 42 states. Final assembly and initial flight testing of the Raptor occurs at the Marietta plant facilities.

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