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Lockheed Gets $542M IDIQ for Lot 13 F-35 Ancillary Mission Equipment, Spares

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a five-year, $542.2M contract to provide F-35 ancillary mission equipment and associated initial spares to U.S. and international military customers.

The Department of Defense said Tuesday the company will initially receive $437.3M in U.S. Air Force, Navy and Marine Corps aircraft procurement, non-U.S. DoD participant and foreign military sales funds.

Work under the firm-fixed-price indefinite-delivery/indefinite-quantity contract will occur in Fort Worth, Texas.

The contracting activity is Naval Air Systems Command.

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