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.

Other News

acquisition

NTT Com Eyes European Data Center Space With E-shelter Buy-In

NTT Communications (NYSE: NTT) is set to acquire a majority stake totaling 86.7 percent of shares in German ...

Cybersecurity

Chris Coleman: Lookingglass Acquires CloudShield to Further Threat Intell Strategy

Lookingglass Cyber Solutions has closed its purchase of network security firm CloudShield in a bid ...