LOCKHEED MARTIN CORPORATION - ENGINEERING SERVICES, HARDWARE PRODUCTION, ODC/TRAVEL/MATERIAL
Key Details
Description
ENGINEERING SERVICES, HARDWARE PRODUCTION, ODC/TRAVEL/MATERIAL
Context & Analysis
On Nov 21, 2025, Department of Defense obligated $965,650,960.03 to LOCKHEED MARTIN CORPORATION for engineering services, hardware production, odc/travel/material. The award is classified under NAICS 334511 — SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL, AND NAUTICAL SYSTEM AND INSTRUMENT MANUFACTURING and issued as a cost plus incentive fee contract. Competition extent: full and open competition with 1 offer received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in MANASSAS, VA. The contract is scheduled through Aug 1, 2029.
Market context
- Recompete outlook
- Ends Aug 1, 2029, in 33 months. Recompete signal as of Oct 25, 2026: 50/100, combining time to the end date, the incumbent's history with this agency, whether the award was competed, and its size.
- Competition
- Competed, with 1 offer. 46% of 997 awards in this market (Department of Defense awards in NAICS 334511 over the last 3 years) were competed; median 2 offers.
- Award size
- At $965.7M, this award is larger than 19 in 20 of the 1974 priced Department of Defense awards in NAICS 334511 over the last 3 years (median $29K).
- Incumbent at this agency
- LOCKHEED MARTIN CORPORATION has 798 other awards from Department of Defense, totalling $120.6B, 2025–2026.
- Largest vendors in this market
By obligations, Department of Defense awards in NAICS 334511 over the last 3 years.
- RAYTHEON COMPANY — 45 awards, $10.0B
- NORTHROP GRUMMAN SYSTEMS CORPORATION — 7 awards, $3.1B
Computed from USAspending award data on Oct 25, 2026.
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