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Lockheed to Provide Long-Lead Parts for 4 F-35s

Lockheed Martin (NYSE: LMT) has won a $28.62 million contract modification to provide long lead-time parts, material and components needed for the F-35 fighter jet, the Defense Department announced Tuesday.

This modification covers parts needed to carry out the delivery schedule of four F-35 conventional takeoff and landing jets for Italy, built under the seventh low rate initial production lot.

Thirty-five percent of work will occur in Fort Worth, Texas with the rest in El Segundo, Calif.; Warton, U.K; Orlando, Fla.; Nashua, N.H. (5 percent); and Baltimore.

According to the Pentagon’s notice, work should wrap up by June 2013 and the Naval Air Systems Command at Patuxent River, Md. is the contracting activity.

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