Home / Contract Awards / Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps.

The modification allocates $74.7 million for long-lead time materials, parts, components and support services, and another $660.9 million for lots 13 and 14 F-35 production equipment that completed hardware qualification tests, the Defense Department said Friday.

Work will occur through December 2019 at various locations in Texas, U.K. and Japan.

The three service branches will use fiscal 2018 aircraft procurement funds to cover the full obligated amount at the time of award.

Check Also

Chris Wilkinson Promoted to DLT Sales SVP

Chris Wilkinson, vice president of sales at DLT Solutions, has elevated to senior vice president ranks …

Harris Receives $169M Navy Contract Option to Produce More F/A-18 Countermeasure Systems

Harris (NYSE: HRS) has received a $168.8M contract modification to provide additional integrated countermeasure systems …