Australia to Buy 58 Lockheed F-35 Jets for $12B

Australia will purchase 58 Lockheed Martin (NYSE: LMT) F-35 fighter jets for nearly $11.64 billion in addition to the 14 planes the country ordered in 2009, Reuters reported Wednesday. Matt Siegal and Andrea Shalal report that Australia intends to give its air force enough jets to create three operational squadrons and one training squadron through the new order. Prime Minister Tony Abbott said at...

Lockheed Awarded $700M for US, Int’l F-35 Parts

Lockheed Martin (NYSE: LMT) has been awarded a $698,032,385 U.S. Navy contract to gather parts, materials and components for 57 F-35 fighter jets that are being acquired by the U.S. and five international partners. The fixed-price-incentive, firm target, advanced acquisition contract covers work on low rate initial production lot 9 through May 2015 and the full funding amount is being obligated at...

Orlando Carvalho: South Korea, US Could Ink Finalized F-35 Agreement This Year

South Korea has decided to acquire Lockheed Martin-built (NYSE: LMT) F-35 fighter jets through a foreign military sales process with the U.S. The South Korean government evaluated and selected the F-35 Lightning II aircraft under that country’s F-X fighter acquisition program, Lockheed said Monday. Orlando Carvalho, Lockheed executive vice president of aeronautics, said the company expects South...

Report: Mitsubishi Heavy, BAE Discuss F-35 Parts Deal

Japan-based Mitsubishi Heavy Industries is negotiating with BAE Systems the terms of a potential contract, where Mitsubishi Heavy would supply components for Lockheed Martin‘s (NYSE: LMT) F-35 aircraft, Reuters reported Monday. Tim Kelly writes the progress of that agreement depends on the decision of Japan’s government on whether to subsidize production of parts for the F-35’s rear fuselage. BAE...

Singapore to Upgrade F-16 Fighter Planes in $2.4B U.S. Arms Deal

Singapore plans to modernize its fleet of F-16 jets under a $2.43 billion foreign military sales agreement with the U.S., Agence France-Presse reported Tuesday. Singapore will purchase new radars, navigation systems, missiles and other components for the F-16 fighter fleet, according to the report. The arms deal also covers precision-guided bombs and a new helmet-installed display technology for pilots...

Report: South Korea to Purchase 40 Lockheed F-35 Jets

South Korea plans to purchase 40 Lockheed Martin (NYSE: LMT) F-35 fighter jets under a deal that will go before committee led by the country’s defense minister for final approval, Reuters reported Friday. Ju-Min Park and Joyce Lee write the decision comes nearly three months after South Korea chose to re-examine its purchase of 60 Boeing (NYSE: BA) fighter jets under a $7.81 billion tender. The...

Lockheed Picks AGI for F-35 Test, Evaluation Software; Joe Murphy Comments

Lockheed Martin (NYSE: LMT) has awarded a contract to software provider Analytical Graphics Inc. to develop a test and evaluation platform for the F-35 aircraft. AGI will use a systems tool kit to create a tool for use in test planning, execution and post-flight evaluation work, AGI said Monday. “We are thrilled that the F-35 will be using AGI software for its T&E process,” said Joe Murphy,...

Lockheed Receives Northrop F-35 Center Fuselage for Australia; Brian Chappel Comments

Lockheed Martin (NYSE: LMT) has received the first center fuselage for Australia’s fleet of F-35 fighter jets from Northrop Grumman (NYSE: NOC), who will manufacture 100 of the fuselages for Australia. Thirty-five total F-35 center fuselages are in flow at Northrop’s integrated assembly line in Palmdale, Calif., including another center fuselage for Australia, Northrop said Thursday. Australia...

Lockheed, Pentagon Close $8B in F-35 Contracts; Lorraine Martin Comments

Lockheed Martin (NYSE: LMT) and the Defense Department have closed on two new contracts worth $7.8 billion for the sixth and seventh batches of F-35 aircraft, Reuters reported Friday. Andrea Shalal-EsaEmployment Standards Administration writes the company received a $4.4 billion order for 36 F-35s and another $3.4 billion order for 35 F-35s. DoD told Reuters each of the conventional takeoff variants...

Report: Netherlands to Buy 37 Lockheed F-35 Jets

Netherlands Defence Minister Jeanine Hennis-Plasschaert is scheduled to announce Tuesday that the Dutch government will acquire 37 Lockheed Martin (NYSE: LMT) F-35 fighter jets, Reuters reports. Anthony Deutsch and Andrea Shalal-EsaEmployment Standards Administration write the Netherlands would become the seventh country to place orders for the F-35 following the U.K., Australia, Italy, Norway, Israel...

Your Direct Source of Government Contract News

  • Provides up-to-the-minute gov-con news
  • The top GovCon coverage & interviews in one daily email

Sign up to effortlessly stay ahead of the industry