Lockheed Receives $349M Navy Contract to Build F-35 Developmental Lab, Flight Test Infrastructure

Lockheed Martin (NYSE: LMT) has secured a potential $348.9M contract to provide infrastructure for F-35 developmental laboratories and flight tests.

The infrastructure will support the fighter aircraft program’s development, production and sustainment efforts, the Defense Department said Thursday.

DoD noted the cost-plus-incentive-fee contract combines purchases from the Navy, U.S. Marine Corps, U.S. Air Force and non-DoD participants.

Naval Air Systems Command will obligate $177M at the time of award.

Work will take place through March 2020 at Edwards AF Base in California, Patuxent River, Md., and Fort Worth, Texas.

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