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

Apache Helicopter

State Dept OKs Britain’s $3B Apache Helicopter Reburbishment Request

The State Department has approved the U.K’s request to purchase $3 billion in AH-64E Apache Guardian helicopters and ...

airport tower

CSC Wins FAA Cloud Services Contract

Computer Sciences Corp. (NYSE: CSC) has won a 10-year, $109 million contract with options to ...

Subscribe to our Newsletter
I will subscribe later