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Lockheed Awarded $90M to Establish F-35 Core Processor Depot Repair System

Lockheed Martin (NYSE: LMT) has received a $90.7M contract modification from the Naval Air Systems Command to create an organic depot repair process for the F-35 integrated core processor.

The fixed-price-incentive-fee award combines purchases from the U.S. Air Force, Navy and Marine Corps, the Department of Defense said Thursday.

Work under the modification will take place in Florida, New Jersey, New York and Texas through October 2022.

Harris (NYSE: HRS) won a Lockheed-led competition last year to build an ICP system that would process data from the F-35 aircraft’s sensor, guidance and control, electronic warfare cockpit and helmet display and communications systems.

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