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

JLTV

Oshkosh to Continue JLTV Work, Federal Claims Court Denies Lockheed’s Injunction Request

Oshkosh Corp. (NYSE: OSK) said Friday it will continue work on the potential $6.75 billion …

MantechLogo

ManTech Lands Potential $71M Counter-Terrorism Support Task Order; Daniel Keefe Comments

ManTech International Corp. (Nasdaq: MANT) has been awarded a potential five-year, $71 million task order …

Subscribe to our Newsletter
I will subscribe later