Home / Contract Awards / Lockheed Wins $738M for F-35 Production

Lockheed Wins $738M for F-35 Production

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) nearly $738 million in contract modifications for low rate initial production of the F-35 Joint Strike Fighter, according to a Pentagon announcement.

  • $485 million for production lot five, including special test equipment and subcontractor technical assistance. This work is expected to be completed in December 2013.
  • $253 million for production lot four, providing for recurring and non-recurring sustainment. This work is expected to be completed in May 2014.

The Pentagon said both awards will support the U.S. Air Force, U.S. Navy and international partners in the F-35 program. The Naval Air Systems Command in Patuxent River, Md., is the contracting activity.

Check Also

STG logo

GDEF Completes STG Acquisition; Simon Lee to Chair Merged Company’s Board

Acquisition firm Global Defense & National Security Systems (Nasdaq: GDEF) has wrapped up its purchase of information …

medical health doctor

Air Force Taps 22 Firms for $983M Clinical Staff Support Contract Modification

The U.S. Air Force has awarded a $983.5 million contract modification to 22 companies to …

Subscribe to our Newsletter
I will subscribe later