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Lockheed Receives $427M F-35 Ancillary Military, Pilot Flight Equipment Order

Lockheed Martin (NYSE: LMT) has secured a $427 million order from the U.S. Navy to provide ancillary military and pilot flight equipment for the 11th batch of low-rate initial production F-35 jets.

The Defense Department said Monday Lockheed will supply the F-15 equipment to the Navy, Air Force, Marine Corps, non-DoD participants and foreign military sales customers.

Work is scheduled to occur through December 2020 in Inglewood, California; White Plains, New York; St. Petersburg and Orlando, Florida and Fort Worth, Texas.

The Naval Air Systems Command will obligate $212.1 million at the time of award from fiscal 2015 through 2017 Air Force, Marine Corps and Navy aircraft procurement funds; and non-DoD participants and FMS funds.

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