Home / Contract Awards / Lockheed Secures $348M Contract Funds for F-35 Special Tools, Test Equipment Production

Lockheed Secures $348M Contract Funds for F-35 Special Tools, Test Equipment Production

Jeff Brody

Lockheed Martin (NYSE: LMT) has received a three-year, $348.2M U.S. Navy contract modification to fund the production of special tools and test equipment for lot 12 F-35 jets.

Naval Air Systems Command is obligating the full amount of the modification from Navy, Marine Corps, Air Force and non-Department of Defense partner and foreign military sales funds, DoD said Tuesday.

 The Pentagon expects work to be complete by August 2022.

Check Also

Federal Health IT Vet Don Shea Joins B3 Group as Corporate Dev’t VP

Don Shea, a more than 15-year veteran in the federal health information technology sector, has been appointed vice president of corporate development at B3 Group, FedHealthIT reported Friday.

Vulcan Transitions Ownership of Aerospace Venture Stratolaunch

Stratolaunch Systems, a space transportation venture established by the late Microsoft (Nasdaq: MSFT) co-founder Paul Allen, now operates under an undisclosed entity after transitioning ownership from Allen’s Seattle-based company Vulcan.