Home / Contract Awards / Lockheed Gets $129M F-35 Core Processor Order Modification

Lockheed Gets $129M F-35 Core Processor Order Modification

Lockheed Martin‘s (NYSE: LMT) aeronautics business has secured a two-year, $129.4 million delivery order modification from the U.S. Navy to perform additional work on the TR-3 integrated core processor and related subsystems for the F-35 program.

The Defense Department said Wednesday work under the modification seeks to address diminishing manufacturing sources challenges in the production of lot 15 F-35s for the U.S. Air Force, Marine Corps, Navy and international customers.

The Naval Air Systems Command will obligate $27 million in fiscal 2017 research, development, test and evaluation funds of the Air Force, Marine Corps and Navy as well as international partner funds.

Contract work will occur in Fort Worth, Texas, through March 2019.

Check Also

Chad Wolf Starts in Acting DHS Secretary Role; Ken Cuccinelli to Serve as Interim Deputy

Chad Wolf assumed his new role as acting homeland security secretary on Wednesday, replacing Kevin McAleenan (2019 Wash100 recipient) who resigned from the role last month, The Washington Post reported Thursday.

Kevin Scott to Succeed Harry Shum as AI, Research EVP at Microsoft

Kevin Scott, chief technology officer of Microsoft (Nasdaq: MSFT), will assume additional duties as executive vice president of artificial intelligence and research in early 2020, CNBC reported Wednesday.