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Lockheed Scores $800 Million F-35 JSF Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT)  is being awarded an $819,647,920 cost-plus-incentive-fee modification to a previously awarded advance acquisition contract (N00019-09-C-0010) for special tools/test equipment required in support of the F-35 Joint Strike Fighter (JSF) air system low-rate initial production Lot IV production.  Work will be performed in El Segundo, Calif. (25.2 percent); Fort Worth, Texas (21.6 percent); Rochester, United Kingdom (21.5 percent); Rolling Meadows, Ill. (9.5 percent); Baltimore, Md. (2.2 percent); Boulder, Colo. (2.1 percent); various locations outside contiguous U.S. (9.2 percent); and locations within the contiguous U.S. (8.7 percent).  Work is expected to be completed in January 2013.  This modification combines purchases for the U.S. Navy ($352,473,960; 43 percent); the U.S. Air Force ($294,473,960; 36 percent); and international partners ($172,700,000; 21 percent).  Contract funds will not expire at the end of the current fiscal year.  The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.”

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