Home / Contract Awards / Lockheed Gets $348M Contract Modification for Lot 15 F-35 Long Lead Materials

Lockheed Gets $348M Contract Modification for Lot 15 F-35 Long Lead Materials

Jeff Brody

Lockheed Martin (NYSE: LMT) has secured a $347.7M contract modification from the U.S. Navy to obtain long-lead materials and support services for the production of 43 lot 15 F-35s.

Items covered by the award are necessary for Lockheed's aeronautics segment to build and deliver the fighter jets to non-Department of Defense participants and foreign military sales customers on schedule, the Department of Defense said Friday.

Work will take place in Texas, California, Florida, New Hampshire, Maryland, Japan and the U.K., through December 2023.

Naval Air Systems Command will obligate the full amount of the modification at the time of award.

Check Also

Report: Lockheed Advances in Army’s Precision Strike Missile Competition

Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

CACI Wins Potential $200M Navy Satcom, C5ISR Support IDIQ

CACI International (NYSE: CACI) has won a potential $199.5M contract to provide satellite communications systems and services to U.S. Navy's joint warfighting special operations around the world.