Lockheed Wins $209M For Navy F-35 Spares

Lockheed Martin (NYSE: LMT) has won a $209.8 million contract modification to provide the U.S. Navy spares for F-35 jets, the Defense Department announced Monday.

The company’s aeronautics unit will deliver the spares for 32 low rate initial production, lot five jets and the Pentagon expects delivery to finish by June 2015.

The Naval Air Systems Command at Patuxent River, Md. is the contracting activity.

In June, Lockheed won an estimated 9.5 million contract to provide the Navy long lead-time parts, materials and other components for lot seven of low rate initial production.

That contract also covers parts for jets owned by international partners including Italy, Turkey, Norway and the U.K.

Those countries are among the eight that have purchased the F-35 and 25 total countries are reportedly interested in adding the jet to their fleets.

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