|Air Force Awards F-22 Production Contract |
Air Force Awards F-22 Production Contract
Washington D.C. -- (AF) September 20, 2001 -- The Air Force yesterday awarded the F-22 Low Rate Initial production contracts for the F-22 program. Lockheed Martin Corporation, Lockheed Martin Aeronautical Systems Company, Marietta, Ga., was awarded a contract totaling $868 million to complete acquisition of ten Lot 1 F-22 aircraft, associated equipment and program support.
The Air Force also awarded a contract for $226 million to United Technologies Corp., Pratt and Whitney, East Hartford, Conn., to complete twenty Lot 1 F119-PW-100 engines for the F-22 aircraft and associated field support. This completes contract actions for these aircraft/engines at a total procurement cost of $2.1 billion.
The Under Secretary of Defense (Acquisition, Technology and Logistics) issued an Acquisition Decision Memorandum on September 14, 2001, approving the program entry into Low-Rate Initial Production. This memorandum approved the award of the Lot 1 contract for ten aircraft and long lead for Lot 2 procurement of 13 aircraft. In addition, it approved the exit criteria for Lot 2 and for long lead for Lot 3 procurement of 21 aircraft.
The Air Force intends to buy up to 331 aircraft within the cost cap by working with the Raptor industry team to identify cost savings and program efficiencies.
James G. Roche, Secretary of the Air Force, said, "this decision to begin production on the F-22 Raptor is good news for the Air Force and great news for the country. We now can begin to lay a firm foundation for the transformational capabilities we need to guarantee global strike superiority well into the 21st century."