May 02, 2011 18:28 UTC
The U.S. Air Force’s 2006 Industrial Product-Support Vendor (IPV) contract manages all supply chain items for production depot maintenance activities at the 3 USAF Air Logistics Centers in Ogden, UT (OO-ALC); Oklahoma City, OK (OC-ALC – opportunities available); and Warner Robins, GA (WR-ALC). The contract extends well beyond Lockheed Martin’s own aircraft and missiles; together, the ALCs provide worldwide engineering, maintenance and logistics management for all USAF fighters, transports, missiles and munitions.
April 22/11: The Pentagon announces that Lockheed Martin Aeronautics Co. in Johnston, PA is receiving a maximum $500 million contract modification, exercising the 2nd option year on the current fixed-price with economic price adjustment, industrial product-support vendor contract, running until April 19/13 (SPM540-06-D-BP01, P00184).
Oddly, Lockheed Martin’s own April 13/11 release gives an estimated value of just $176 million. Asked about the contract, Lockheed Martin representatives said: “For details on how the DoD arrived at the $500 million amount, I would need to refer you back to the DoD for the terms of this particular calculation.”