Home / Contract Awards / Lockheed Gets $22.7B Modification on Lot 12 F-35 Aircraft Production, Delivery Contract

Lockheed Gets $22.7B Modification on Lot 12 F-35 Aircraft Production, Delivery Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients.

The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users; and 60 units for foreign military sales customers, the DoD said Wednesday.

Naval Air Systems Command is the contracting activity and will obligate $6B at the time of award.

Work will occur in Texas, California, Florida, New Hampshire, Italy, the U.K. and other locations beyond the U.S. through March 2023.

The modification amends a previously awarded $1.4B advance acquisition contract that would fund the purchase of F-35 long lead parts.

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.