Navy Awards Lockheed $113M F-35A Long Lead Parts Contract Modification

F-35Lockheed Martin (NYSE: LMT) has received a $112.8 million contract modification from the U.S. Navy to obtain an undisclosed number of long-lead time components for F-35A fighter aircraft.

The Defense Department said Monday Lockheed’s aeronautics business will help procure additional materials for the company to build and deliver a 10th lot of F-35A jets to the U.S. Air Force.

The parts are also needed for the manufacture of an 11th batch of low-rate initial production F-35As for the Netherlands, DoD added.

Lockheed will perform work at various domestic facilities in Texas, California, Florida, New Hampshire and Maryland, as well as at two overseas sites in the U.K. and Italy.

The Naval Air Systems Command is obligating the full contract amount from U.S. military aircraft procurement and non-DoD participant funds.

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