Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

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.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles