Lockheed Martin Owego plant wins $49 million Air Force contract

OWEGO, N.Y. — The Lockheed Martin Corp. (NYSE: LMT) plant in Owego has recently been awarded a nearly $49.3 million contract from the U.S. Air Force. 

The pact provides for overhaul of the countermeasure receiver on B-52 bomber aircraft. Work will be performed in Owego and is expected to be completed by Sept. 19, 2026, according to a Sept. 20 contract announcement from the U.S. Department of Defense.

The contract award resulted from a sole-source acquisition. Fiscal 2021 operation and maintenance funds totaling more than $14.5 million are being obligated at the time of award. The Air Force Sustainment Center at Tinker Air Force Base in Oklahoma is the contracting authority.