Lockheed Martin Wins $19.8 Million for Work on F-35 Fighters

Lockheed Martin Corp. ‘s (LMT) business unit, Aeronautics, won a $19.8 million contract modification for work on the F-35 aircraft memory system and panoramic cockpit display.

This will help recover diminishing manufacturing sources projected under the 15th Lot production of the F-35 aircraft, reports Nasdaq.com.

 Forty percent of the contracted work will be for the U.S. Air Force; 20% for the Navy, Marine Corps and international partners. The work is to be done in Fort Worth, TX and is scheduled to be completed by March 2019.

Lockheed’s F-35 Lightning II, a single-seat, single-engine 5th Generation fighter, has three variants that are to replace five fighter jets in the U.S. Air Force, Navy and Marine Corps, and in at least ten other countries as well. The new F-35 is equipped with an advanced stealth feature, enhanced fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. The F-35 has the world’s most powerful engine.

Although Lockheed Martin is the main contract holder, several other companies assist with key components of the F-35 program. Northrup Grumman Corp. (NOC) contributes carrier aircraft and stealth technology to the F-35 program, and BAE Systems assists with short takeoff/vertical landing experience and air systems sustainment; Pratt & Whitney, a unit of United Technologies Corporation (UTX ) contributes the propulsion system.

This contract modification will use fiscal 2016 research, development from the U.S. military branches as well as funds from international partners.

In February, Lockheed won an $8.5 billion DOD contract for the production of 90 F-35 fighters, the tenth installment at the lowest price to date, reports Nasdaq.com.

Check Also

Jon Hill Director MDA

Vice Adm. Jon Hill on MDA’s Move to Pause Defensive Hypersonic Missile Design Program

Vice Adm. Jon Hill, director of the Missile Defense Agency, said MDA has decided to delay the defensive hypersonic missile design effort to focus on near-term options, Defense News reported Tuesday.

Fisher Industries

Fisher Industries Lands Potential $290M CBP Laredo Sector Border Construction Contract

Fisher Industries has received a potential $289.5M contract to build an additional 17 miles of border wall infrastructure for the U.S. Border Patrol Laredo Sector's area of responsibility in Webb County, Texas.