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  • Tuesday, April 16, 2024

Lockheed Secures $166M Navy Award for F-35 Training Equipment

Lockheed Martin (NYSE: LMT) has received a $166.6 million contract modification from the U.S. Navy to provide, install and configure 22 F-35 aircraft training devices.

The contractor will deliver interactive courseware, a multispectral database and full-mission simulators to the service branch as part of the contract action, the Department of Defense said Thursday.

Lockheed will also perform non-recurring engineering services to help the Navy, Marine Corps, Air Force, non-DOD entities and foreign military sales customers replace a rechargeable battery module for the blade server system of aircraft training devices.

Ninety-six percent of work under the modification will take place in Orlando, Florida, while the remaining percentage will be conducted in Fort Worth, Texas, and various areas outside the continental U.S., through December 2027.

The award’s initial obligation of $83.32 million combines funds from the Navy, USAF, FMS and non-U.S. DOD partners. Maryland-based Naval Air Systems Command issued the award.

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