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Contract N0001924C0039

Lockheed Martin Corporation · Department Of Defense · June 27, 2024

Cost Plus Incentive FeeSole SourceNAICS 336411

Lockheed Martin Corporation was awarded a federal contract by Department Of Defense (Department Of The Navy) on June 27, 2024 for $3.77 billion of work in aircraft manufacturing. Performance is in Arlington, VA. It was awarded under full and open competition. The contract has been modified 13 times since the base award It uses cost-plus contract pricing. The most recent modification was on December 19, 2025. If all options are exercised, the contract could reach $16.77 billion.

Obligated to date
$3.77B
$3,767,534,443
Current value
$8.57B
Potential value
$16.77B
if all options exercised
Modifications
13
Latest December 19, 2025

Contract details

PIID
N0001924C0039
Award type
Definitive Contract
Pricing
Cost Plus Incentive Fee
Set-aside
No Set Aside Used.
Competition
Not Competed
NAICS
336411 · Aircraft Manufacturing
Product / service
Aircraft, Fixed Wing
Place of performance
Arlington, VA
First action
June 27, 2024
Latest action
December 19, 2025

Description

EXERCISE CY26 OPTION.

Modification timeline

  • December 19, 2025
    Mod P00028 · Exercise An Option
    $6.82B
  • December 9, 2025
    Mod P00027 · Funding Only Action
    INCREMENTAL FUNDING MOD
    $6.82B
  • November 24, 2025
    Mod P00026 · Funding Only Action
    THE PURPOSE OF THIS MODIFICATION IS TO INCREMENTALLY FUND THE AVSC CONTRACT. PID # N00019-25-NORFP-JSFPSM-0160
    $6.18B
  • November 12, 2025
    Mod P00025 · Supplemental Agreement For Work Within Scope
    CONTINUED SUPPORT OF FLEET F-35 AIRCRAFT. THIS MODIFICATION PARTIALLY EXERCISES FAR 52.217-8 TO PROCURE ADDITIONAL HOURS ON CLIN 2425, AUTHORIZES OVERRUNS, AND INCORPORATES DFARS 252.232-7998.
    $6.00B
  • September 25, 2025
    Mod P00024 · Funding Only Action
    PROVIDE INC 10 FUNDING AND OVERRUN FUNDING.
    $6.00B
  • September 15, 2025
    Mod P00023 · Additional Work (New Agreement, Justification Required)
    AU AND UK DEPLOYMENT PLUS-UP AND DEOBLIGATION OF EXPIRING CY25 O&M FUNDS FROM PROJECTED UNDERRUNING CLINS TO BE REALLOCATED.
    $4.78B
  • August 21, 2025
    Mod P00022 · Additional Work (New Agreement, Justification Required)
    THE PURPOSE OF THIS MODIFICATION IS TO DEFINITIZE ALL CY25 CLINS AND AWARD CY26-28 OPTION YEARS. THIS MODIFICATION ALSO INCLUDES MULTIPLE T&CS UPDATES IN SECTION B-H AND ATTACHMENT/CDRL UPDATES IN SEC…
    $4.70B
  • August 4, 2025
    Mod P00021 · Funding Only Action
    PROVIDED INCREMENTAL FUNDING.
    $4.70B
  • July 17, 2025
    Mod P00020 · Funding Only Action
    ADD INCREMENTAL FUNDING.
    $4.70B
  • September 20, 2024
    Mod P00004 · Funding Only Action
    THE PURPOSE OF THIS MODIFICATION IS TO PROVIDE THE THIRD ROUND OF INCREMENTAL FUNDING UNDER THIS CONTRACT.
    $2.46B
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Top contractors in NAICS 336411

Lifetime obligated dollars across all federal contracts in this NAICS code.

#ContractorContractsObligated
1Lockheed Martin Corporation121$4.39B
2The Boeing Company13$3.23B
3The Boeing Company4$2.30B
4Sikorsky Aircraft Corporation102$2.00B
5The Boeing Company62$1.92B
6The Boeing Company13$1.37B
7Bell Textron Inc270$984.13M
8The Boeing Company22$628.88M
9Sierra Nevada Company, Llc2$606.84M
10Lockheed Martin Corp34$405.76M

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Frequently asked questions

What is contract N0001924C0039?

Contract N0001924C0039 is a federal contract awarded to Lockheed Martin Corporation by Department Of Defense on June 27, 2024 for $3.77 billion of work classified under AIRCRAFT MANUFACTURING. It has been modified 13 times since the base award.

Who won contract N0001924C0039?

Lockheed Martin Corporation won contract N0001924C0039 from Department Of Defense.

How much is contract N0001924C0039 worth?

Contract N0001924C0039 has obligated $3.77 billion to date, with a total potential value of $16.77 billion if all options are exercised.