Lockheed Martin Wins $141 million Modernization Contract For Greek P-3 Orion Aircraft

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  • 07:38 AM, February 12, 2016
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Lockheed Martin Wins $141 million Modernization Contract For Greek P-3 Orion Aircraft
Greek P-3 Orion Aircraft

Lockheed Martin has been awarded a $141 million modernization contract for the Greek P-3 Orion – a four-engine turboprop anti-submarine and maritime surveillance aircraft.

“Lockheed Martin Aeronautics, Marietta, Georgia, is being awarded a not-to-exceed $141,936,871 value firm-fixed-price, undefinitized contract action for the P-3B modernization program for the government of Greece, which will provide an extension of service life by 15,000 flight hours,” the US Department of Defense announced Thursday.

The awarded contract provides for the reactivation of one P-3B aircraft and the procurement of hardware kits for the upgrade/modernization of four P-3B aircraft to support a structural mid-life upgrade.  In addition, this contract provides for phased depot maintenance; a Greece indigenous mission integration and management system; new avionics; and other ancillary hardware and services.

Work will be performed Marietta, Georgia (62 percent); Athens, Greece (15 percent); Schimatari, Greece (13 percent); Baltimore, Maryland (9 percent); and Greenville, South Carolina (1 percent), and is expected to be completed in July 2019, the statement said.

Foreign military sales funds in the amount of $26 million will be obligated at time of award, none of which will expire at the end of the current fiscal year, the statement added.  

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