Lockheed Secures $266M Contract Funds for F-35 Special Tooling, Test Equipment

Jeff Brody

Lockheed Martin (NYSE: LMT) has received a three-year, $266.2M contract modification to obtain F-35 special tooling and test equipment for U.S. military and non-Department of Defense customers.

The Naval Air Systems Command is obligating the full amount with fiscal 2019 aircraft procurement funds from non-DoD entities as well as the U.S. Air Force, Marine Corps and Navy, the Pentagon said Friday.

Fifty percent of efforts under the modification will take place at Fort Worth, Texas, and the remaining 50 percent will occur at various U.S. and international locations. DoD expects work to conclude by July 2022.

Check Also

Norm Tew VP and GM Boeing

Boeing Submits Bid for Next-Generation Interceptor Program; Norm Tew Quoted

Boeing (NYSE: BA) has submitted its proposal for the Missile Defense Agency’s Next-Generation Interceptor program and offered a design that builds on the company's six decades of experience in weapons systems and strategic missile development.


Deloitte to Help DoD Create AI Dev’t Environment Under $106M Task Order

Deloitte Consulting has received a potential four-year, $106.4M task order to provide a development environment for the Department of Defense's Joint Artificial Intelligence Center to test, validate and implement AI-based tools.