Lockheed Martin Corp has won a $441.9 million modification to its U.S. Navy F-35 fighter contract, according to the Pentagon. The modification changes an initial low-rate production “advance acquisition” contract to a “cost-plus-incentive-fee/award-fee contract” that compensates a contractor in a way that equals its expenses plus a profit. The stealth-enabled F-35 fighter jet is in the early stages of production.
BAE Systems has secured a position on a five-year, $34.9M contract from the U.S. Navy to help the Naval Air Warfare Center's Aircraft Division sustain command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance systems.
A defense minister said Poland is set to finalize an agreement to buy 32 units of the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II fighter aircraft from the U.S. government in late January, Defense News reported Thursday.