Lockheed Gets $373M Contract Modification to Build F-35 Variants for Non-DoD Participants

Lockheed Martin (NYSE: LMT) has received a $372.9 million contract modification from the U.S. Navy to produce F-35A and F-35B variants and conduct deficiency correction efforts for non-Defense Department participants.

DoD said Monday the modification falls under a previously awarded advance acquisition contract for low-rate initial production of lot 10 F-35s.

The company received a $1.28 billion upfront payment from the department in November to fund the fighter aircraft program’s 10th batch as part of a potential $7.19 billion “undefinitized” contract.

Lockheed’s aeronautics business will perform work under the modification in California, Florida, Maryland, New Hampshire, Texas, Japan and the U.K. through March 2020.

The Naval Air Systems Command obligated $105 million in non-DoD participant funds at the time of award.

Check Also


QuantiTech Buys Spaceflight Engineering Firm DCI; Darryl Wortman Quoted

QuantiTech, a technical engineering services provider to the government sector, has purchased Dynamic Concepts Inc. for an undisclosed sum in a move to expand work with NASA across human spaceflight programs.

health care

Alliant Enterprises Wins $225M DLA Patient Monitoring Tech IDIQ

Alliant Enterprises has won a potential 10-year, $225M contract from the Defense Logistics Agency to provide patient monitoring systems, capital equipment and accessories to the U.S. Air Force, Army, Marine Corps, Navy and federal civilian agencies.