Lockheed Gets $2.4B Contract Modification for US, Int’l F-35 Spares Packages

Jeff Brody

Lockheed Martin (NYSE: LMT) has secured a $2.43B contract modification to obtain global, base, deployment and afloat spares packages for the F-35 jets of the U.S. Navy, Marine Corps and Air Force as well as non-U.S. Department of Defense participants and foreign military sales customers in the Joint Strike Fighter program.

DoD said Friday that it expects customers to place all their orders by December next year. The Naval Air Systems Command will obligate funds upon issuance of each order under the modification, which falls under a previously issued firm-fixed-price, indefinite-delivery/indefinite-quantity contract.

Work will take place at various locations within the U.S., England and the Netherlands.

You may also be interested in...

Young Bang, Chief Growth Officer for Atlas Research

Atlas Joins DMI-Led Air Force Enterprise Transformation Contract Team; Young Bang Quoted

Atlas Research is part of a Digital Mobilizations Inc.-led team that won a position on a five-year, $990M contract vehicle to help the U.S. Air Force implement and manage enterprise transformation initiatives.

HIMARS launcher

State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.