Lockheed Martin has been awarded $23.4 million contract for furnishing both repairs and spares for 1,594 line items in response to fleet requirements all in support of the AEGIS SPY-1 Radar.
The contract also involves maintaining requisition support in accordance with stringent availability and delivery metrics, inventory modeling, configuration management, obsolescence management, inventory warehousing, transportation and tracking relating to the radar, US department of defense said in a statement Thursday.
Work is expected to be completed by August 2019.
Fiscal 2017 working capital funds (Navy) in the amount of $11,230,223 will be obligated at the time of award and funds will not expire at the end of the current fiscal year. Foreign military sales will be issued by separate delivery orders on an as-needed basis. One firm was solicited for this sole-source requirement under authority 10 U.S. Code 2304 (c)(1) and Federal Acquisition Regulation 6.302-1. The requirement was posted to the Federal Business Opportunities website and the Navy Electronic Commerce Online website, with one offer received.