Hello, Guest!

Lockheed Scores $800 Million F-35 JSF Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT)  is being awarded an $819, 647, 920 cost-plus-incentive-fee modification to a previously awarded advance acquisition contract (N00019-09-C-0010) for special tools/test equipment required in support of the F-35 Joint Strike Fighter (JSF) air system low-rate initial production Lot IV production.  Work will be performed in El Segundo, Calif. (25.2 percent); Fort Worth, Texas (21.6 percent); Rochester, United Kingdom (21.5 percent); Rolling Meadows, Ill. (9.5 percent); Baltimore, Md. (2.2 percent); Boulder, Colo. (2.1 percent); various locations outside contiguous U.S. (9.2 percent); and locations within the contiguous U.S. (8.7 percent).  Work is expected to be completed in January 2013.  This modification combines purchases for the U.S. Navy ($352, 473, 960; 43 percent); the U.S. Air Force ($294, 473, 960; 36 percent); and international partners ($172, 700, 000; 21 percent).  Contract funds will not expire at the end of the current fiscal year.  The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.”

Video of the Day

Related Articles