Home / Contract Awards / Lockheed Awarded $482M to Deliver Initial Air Vehicle Spares to F-35 Customers

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

Carahsoft Adds AWS Offerings on GSA IT Schedule 70 Contract; Will Jones Quoted

Carahsoft Technology has expanded its role as an Amazon Web Services distributor by offering the AWS suite of cloud-based products and services via the General Services Administration's IT Schedule 70 contract vehicle.

AE Industrial Partners to Buy Rotocraft Services Provider Columbia Helicopters

Private equity firm AE Industrial Partners has agreed to acquire heavy-lift rotorcraft manufacturing and operations services provider Columbia Helicopters for an undisclosed amount. AEI said Thursday Columbia Helicopters CEO Steve Brandy will continue to serve in his position and Nancy Lematta will keep her majority share as part of the transaction.