The U.S. Air Force awarded positions on a $920 million contract to 24 companies. The Next-Generation Aerospace Ground Equipment (NGAGE) program manages this initiative. This indefinite-delivery/indefinite-quantity vehicle modernizes support for fighters, bombers, and unmanned systems.
Selected firms include Lockheed Martin, Booz Allen Hamilton, Oshkosh, and Knight Aerospace. The Air Force chose these winners from a pool of 66 competitive offers. The contract features a 10-year period of performance.
This investment funds engineering, development, and production to maintain operational readiness. The deal impacts major defense ETFs including PPA, ITA, and XAR.