LOCKHEED MARTIN CORPORATION - THE CONTRACT AWARD IS FOR THE FY21/FY22/FY23 BASE AND OPTION PRICING FOR PHASE ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) PRODUCTION REQUIREMENTS FOR THE UNITED STATES (US) AND FOREIGN MILITARY SALES (FMS)
Key Details
Description
THE CONTRACT AWARD IS FOR THE FY21/FY22/FY23 BASE AND OPTION PRICING FOR PHASE ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) PRODUCTION REQUIREMENTS FOR THE UNITED STATES (US) AND FOREIGN MILITARY SALES (FMS)
Context & Analysis
On Oct 28, 2025, Department of Defense obligated $4,166,755,560.6 to LOCKHEED MARTIN CORPORATION for the contract award is for the fy21/fy22/fy23 base and option pricing for phase array tracking radar to intercept on target (patriot) advanced capability-3 (pac-3) production requirements for the unite…. The award is classified under NAICS 336414 — GUIDED MISSILE AND SPACE VEHICLE MANUFACTURING and issued as a firm fixed price contract. Competition extent: not competed with 1 offer received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in GRAND PRAIRIE, TX. The contract is scheduled through Sep 30, 2033. This award is one of several similar procurements from Department of Defense under NAICS 336414 — related awards are listed below.
Market context
- Recompete outlook
- Ends Sep 30, 2033, in 83 months. Recompete signal as of Oct 25, 2026: 65/100, combining time to the end date, the incumbent's history with this agency, whether the award was competed, and its size.
- Competition
- Not competed. 10% of 187 awards in this market (Department of Defense awards in NAICS 336414 over the last 3 years) were competed; median 2 offers.
- Award size
- At $4.2B, this award is larger than 19 in 20 of the 173 priced Department of Defense awards in NAICS 336414 over the last 3 years (median $162.0M).
- Incumbent at this agency
- LOCKHEED MARTIN CORPORATION has 798 other awards from Department of Defense, totalling $117.4B, 2025–2026.
- Largest vendors in this market
By obligations, Department of Defense awards in NAICS 336414 over the last 3 years.
- RAYTHEON COMPANY — 76 awards, $26.7B
- NORTHROP GRUMMAN SYSTEMS CORP — 1 award, $11.7B
- RAYTHEON/LOCKHEED MARTIN JAVELIN JV — 4 awards, $1.9B
Computed from USAspending award data on Oct 25, 2026.
Contractor Information
Similar Awards
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