A Lockheed Martin-led (NYSE: LMT) industry team has received a potential $1.4 billion contract to provide sustainment support for F-35 fighter jets worldwide.
The contract awarded by the F-35 joint program office also covers Automatic Logistics Information System support, predictive health management and data analytics; supply chain logistics; air system maintenance; sustaining engineering; depot activation; and pilot and maintainer training, Lockheed said Monday.
The Lockheed-led team will also help build up enterprise capacity in support of the future fleet of at least 3,000 F-35 jets under the contract that will run through April 30, 2019.
Lockheed has delivered over 280 F-35 jets that operate from 15 bases worldwide and the current fleet has recorded more than 130,000 flight hours.
The company said it has implemented several measures to reduce F-35 costs and improve readiness such as investments in data analytics and diagnostics; synchronization of production and component orders for sustainment; and expansion of the global supply chain.