Lockheed Awarded $117M for USAF, USMC F-35 Air Vehicle Spares Delivery

Lockheed Martin (NYSE: LMT) received a $117.1M delivery order modification to provide F-35 air vehicle spares to the U.S. Air Force and U.S. Marine Corps.

The company will deliver a deployment and afloat spares package and related consumables as part of the modification awarded by Naval Air Systems Command, the Department of Defense said Tuesday.

Seventy-five percent of purchases are for USAF and the remaining 25 percent are for USMC.

The Pentagon expects the company to fulfill the orders by August 2023.

Lockheed received a separate $108.7M order in late February to help modify and refurbish F-35 air systems for domestic and foreign military sales customers.

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