Lockheed Martin’s $12.7M Contract: Advancing DRACO 7.0 Integration and Testing

Lockheed Martin, King of Prussia, Pennsylvania, was awarded a $12,680,063 cost-plus-fixed-fee contract to develop, integrate, and lab test DRACO 7.0. Work will be performed at King of Prussia, Pennsylvania, and is expected to be completed by May 31, 2026. This contract was a sole source acquisition. Fiscal 2023 and 2024 research, development, test and evaluation funds in the amount of $2,248,880 are being obligated at time of award. The Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity (FA8691-24-C-B002).