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

Serco’s US Arm Secures Potential $232M IDIQ to Help Sustain Navy Electronic Surveillance Systems

Serco Group‘s U.S. subsidiary has won a potential five-year, $232 million contract to help the Naval …

Deloitte Lands $800M Air Force Financial Management, Audit Readiness Support IDIQ

The U.S. Air Force has awarded Deloitte a potential five-year, $800 million contract for audit …

Subscribe to our Newsletter
I will subscribe later