Lockheed Gets $1.2B Contract for F-35 Parts, Materials Procurement

F-35The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a four-year, $1.17 billion advance acquisition contract to obtain long-lead materials, components and parts necessary for the manufacture of low-rate initial production lot 11 F-35s.

The Defense Department said Monday that Lockheed will use the long-lead items to build 80 F-35A planes for the Air Force and the governments of Norway, Turkey, Australia, Israel, Japan, South Korea and the Netherlands.

The company will also produce seven F-35Bs for the Marine Corps and the British military as well as four F-35Cs for the Navy, the Pentagon noted.

The Naval Air Systems Command is the contracting activity and will provide $847.9 million in U.S. military and foreign military sales funds at the time of award.

Lockheed’s aeronautics business will perform the work through December 2019 at various domestic and international locations.

GovCon Wire Logo

Receive the Daily News Briefing And Events Updates Straight to Your Inbox

Related Articles