Lockheed Awarded $482M to Deliver Initial Air Vehicle Spares to F-35 Customers

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a four-year, $481.9 million delivery order from the Naval Air Systems Command for F-35 initial air vehicle spares.

The U.S. NavyU.S. Air Force and U.S. Marine Corps, non-Defense Department participants and foreign military sales customers will receive the spares, DoD said Thursday.

Forty percent of purchases are for the three U.S. service branches, 29 percent for non-DoD participants and the remaining 14 percent are for FMS clients.

NAVAIR will obligate the order’s full amount at the time of award and the obligated funds will not expire at the end of the current fiscal year.

The company will perform work through June 2022.

Check Also

Alison Paris

Federal Market Vet Alison Paris Joins Peraton as Talent Acquisition Head

Alison Paris, who holds 15 years of federal market experience, has been named vice president of talent acquisition at Peraton.

Intelligence Community Adopts Tech, Telework to Meet Mission Requirements During Pandemic

The U.S. intelligence community has initiated changes to its work operations to ensure continuity, meet mission needs and safeguard the health of its workforce amid the coronavirus pandemic, Government Executive reported Thursday.