Lockheed Wins $206M for Israel F-35 Hardware, Software

U.S. Navy photo

Lockheed Martin (NYSE: LMT) has won a $206, 821, 828 U.S. Navy contract modification to develop and demonstrate hardware and software for the F-35 fighter jet, the Defense Department announced Tuesday.

This modification covers the first increment of a system development and demonstration phase for a foreign military sales agreement with Israel.

The company will develop the hardware and software for Israel’s F-35A air system from the initial requirements development phase up to preliminary design review.

Design review of hardware includes finalizing requirements, layouts, and build to prints including production planning data, the Pentagon said.

Sixty percent of work under the cost-reimbursable contract will occur in Fort Worth, Texas and the rest in Los Angeles, San Diego and Nashua, N.H.

Contract funds will not expire at the end of this fiscal year and the Naval Air Systems Command in Patuxent River, Md. is the contracting activity.

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