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Publish Date : 15-Feb-2016

A $141 million modernization deal has been secured by Lockheed Martin for the Greek P-3 Orion a four-engine turboprop anti-submarine and maritime surveillance aircraft.

Lockheed Martin Aeronautics, Marietta, Georgia, is being awarded a not-to-exceed $141,936,871 value firm-fixed-price, undefinitized contract action for the P-3B modernization program for the government of Greece, which will provide an extension of service life by 15,000 flight hours, the US Department of Defense announced.

The awarded deal offers for the reactivation of one P-3B aircraft and the procurement of hardware kits for the upgrade/modernization of four P-3B aircraft to support a structural mid-life upgrade.

Additionally, the deal offers for phased depot maintenance; a Greece indigenous mission integration and management system; new avionics; and other ancillary hardware and services.

It is expected that the work would be executed in Marietta, Georgia (62 percent); Athens, Greece (15 percent); Schimatari, Greece (13 percent); Baltimore, Maryland (9 percent); and Greenville, South Carolina (1 percent), and it has been planned to be finished in July 2019.

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