Lockheed, Pratt & Whitney win $11 billion in Air Force work.Lockheed, Pratt & Whitney win $11 billion in Air Force work The Air Force awarded two engineering and manufacturing development contracts worth $11 billion to Calabasas-based Lockheed Corp. and Pratt & Whitney for continued development of the F-22 advanced tactical fighter The Advanced Tactical Fighter (ATF) contract was a demonstration and validation program undertaken by the United States Air Force to develop a next-generation air superiority fighter to counter emerging worldwide threats, including development and proliferation of Soviet-era Su-27 . Last April, a Lockheed-led team of companies won the Pentagon contract to build the ATF ATF Molecular virology Activating transcription factor A cellular protein that stimulates transcription of adenovirus E4 transcription unit, which acts early in infection at any of several 'enhancer' binding sites , an award that could be worth up to $95 billion in new business over the next decade. The cost-plus contract Cost-plus contract A contract in which the selling price is based on the total cost of production plus a fixed percentage or fixed amount. allows reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. of contractors' costs, plus a base fee of 4 percent of the estimated cost of the contract. The Lockheed contract for airframe development is valued at $9.9 billion and the Pratt & Whitney award for the aircraft's engines is valued at $1.3 billion. |
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