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Lockheed Awarded $622M Navy FMS Contract for F-35 Program Management Support

Lockheed Martin (NYSE: LMT) will provide F-35 Joint Strike Fighter program management, nonrecurring requirements and training support for the government of Germany under a potential $622.4 million contract with the U.S. Navy.

Work on the cost-plus-fixed-fee contract will occur in Texas, Florida and South Carolina through December 2027, the Department of Defense said Thursday.

Naval Air Systems Command at Patuxent River in Maryland will obligate the full contract amount using foreign military sales customer funds.

Lockheed was one of the three principal contractors named on a potential $8.4 billion FMS deal with Germany to provide F-35 fighter jets, missiles and related program support services. The State Department gave the agreement the green light in July 2022.

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