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≈$9.46B Air Force DEFINITIVE CONTRACT F0470195C0017

A 26-year Air Force contract worth $9.5 billion — recorded under a company name that no longer exists

Department of the Air Force ・1995-11-08 〜 2021-10-29

An Air Force contract with an obligated value of about $9.458 billion, running from November 1995 to October 2021 — a span of 26 years. The recipient is recorded as LOCKHEED MISSILES & SPACE COMP, the name carried before consolidation into what is now Lockheed Martin.

Contract key facts

  • RecipientLockheed Martin
  • Contract value$9,458,382,766 (≈$9.46B)
  • BranchAir Force
  • Awarding agencyDepartment of Defense
  • Awarding sub-agencyDepartment of the Air Force
  • Award typeDEFINITIVE CONTRACT
  • Period of performance1995-11-08 〜 2021-10-29
  • Contract ID (PIID)F0470195C0017

Contract scope (original)

200510!000044!5700!FA8810!SMC/ISK !F0470195C0017 !A!N! !N! !P00309!20050324!20100630!196596688!196596688!834951691!N!LOCKHEED MARTIN CORPORATION !1111 LOCKHEED MARTIN WAY !SUNNYVALE !CA!94089!77000!085!06!SUNNYVALE !SANTA CLARA !CALIFORNIA!+000003570337!N!N!000000000000!AC23!RDTE/MISSILE AND SPACE SYSTEMS-ADV TECH DEV !A2 !MISSILE AND SPACE SYSTEMS !210 !SBIRS HIGH !323118!E! !3! ! !D! ! !20200930!B! ! !N!Z!D!N!U!1!001!N!1G!Z!Y!Z! ! !N!C!N! ! ! !Z!Z!A!A!000!A!B!N! ! ! !Y! ! !0001! !

Key points

  • Obligated value is about $9.458 billion, with a period from 1995-11-08 to 2021-10-29 — about 26 years.
  • The median duration across the 207 defense contracts this site holds as of 2026-09-02 is 10.7 years, so 26 is more than double.
  • The recipient name is LOCKHEED MISSILES & SPACE COMP — the name carried before the 1995 merger produced the present company.
  • Total outlays on the record are about $1.31 million, a ratio short of 0.01 percent of obligation.
  • The description field is an internal code string, so what was procured cannot be read from the record.

1Twenty-six years

Begun in 1995 and ended in 2021 — one contract living on past a quarter century. Across the 207 defense contracts this site holds as of 2026-09-02, the median duration is 10.7 years, so 26 is more than double. Large defense procurement moves through development, testing, low-rate production, full-rate production and sustainment, which keeps a single contract alive for a long time.

Over that span the technology changes, the people change, and so does the name of the company.

2The name changes; the record does not

The recipient name on the recordWhat it is now
LOCKHEED MISSILES & SPACE COMPA division consolidated into Lockheed Martin
The name as of 1995, when the contract beganLockheed and Martin Marietta merged in 1995 to form the present company
Records preserve the name as of awardWithout treating it as an alias of the same company, aggregates diverge from reality

Aggregating historical contracts runs into this naming problem as a practical obstacle. On this site, a contractor ranking previously treated this name as a separate company, leaving it out of the Lockheed Martin total. The matching rule was fixed and a machine check — a daily test that no display name repeats in the top ranks — was added to prevent recurrence.

That records preserve the state at award is correct behavior; the problem belongs to whoever aggregates them.

3Outlays of $1.3 million

Against $9.458 billion obligated, total outlays on the record are $1,309,946 — a ratio short of 0.01 percent. Among the records this site holds as of 2026-09-02, 115 of 207 (56 percent) show zero outlays, and across the 92 with outlays recorded the median ratio is 1 percent.

Given that the contract ended in 2021, this figure most likely does not represent the whole of actual payment, which illustrates how hard it is to compare obligation and outlay on the same footing.

4What the description yields

The description field holds an internal code string including an Air Force procurement office code, not a sentence describing what was procured. The recipient name suggests a space and missile division, but since the record does not state it, this site does not present the inference as fact. What is known is that the Air Force held a contract with that division under a $9.458 billion ceiling from 1995 to 2021.

Why it matters

On long defense contracts, the name on the record may not match the present corporate structure. Aggregating by recipient or analyzing competitors requires mapping names as of award onto companies as they are now.

FAQ

What data is this?
A single Department of Defense (DoD) federal procurement contract recorded in "USAspending," the U.S. open government-spending dataset. The recipient, awarding component, value, and scope are public. This site is not an official U.S. government website.
Why is an old company name still on the record?
Contract records preserve the name as of award. Mergers and renamings do not rewrite them, so whoever aggregates has to match names to the same company.
Is the amount final?
It is a cumulative figure as of collection. Large defense contracts accumulate modifications over many years, so amounts change. The latest figure is available at the source, USAspending.

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Sources (primary)

This article is an independent organization based on the U.S. official spending data below. Verify the exact, latest details with the official source.

#Defense contracts#Air Force#Lockheed Martin#Entity resolution#Long-term contracts

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