Home / Contract Awards / Navy Awards Lockheed $211M Modification for F-35 Special Equipment Procurement

Navy Awards Lockheed $211M Modification for F-35 Special Equipment Procurement

Lockheed Martin (NYSE: LMT) has received a $211.2 million contract modification from the U.S. Navy to procure non-recurring special tooling and test equipment needed for current and future production of F-35 aircraft.

The Defense Department said Monday the modification combines purchases from the U.S. Air Force, Marine Corps, Navy, non-DoD participants and foreign military customers.

Lockheed’s aeronautics business will perform work in California, Florida, New Hampshire, Texas, Italy, the U.K. and other locations within and outside of the continental U.S. through May 2021.

The obligated amount of $81.3 million at the time of award is from fiscal 2015 and 2016 Air Force, Marine Corps and Navy aircraft procurement funds along with non-DoD participant and FMS funds.

Check Also

Capital One Agrees to Acquire KippsDeSanto & Co.; Bob Kipps, Kevin DeSanto Quoted

Capital One has signed an agreement to acquire KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies, Capital One announced on Monday

ULA to Support Astrobotic’s Lunar Payload Delivery Mission With NASA; Tory Bruno Quoted

Space robotics technology maker Astrorobotic has partnered with United Launch Alliance to help send a lunar lander to the moon sometime in 2021 using a ULA-built Vulcan Centaur rocket.