Hello, Guest!
  • Monday, April 29, 2024

Lockheed Gets $120M Delivery Order Modification for Initial F-35 Air Vehicle Spares


Lockheed Martin (NYSE: LMT) has received a $119.7 million delivery order modification from the U.S. Navy to provide initial air vehicle deployment spares packages for the F-35 program.

The Defense Department said Monday Lockheed’s aeronautics business will deliver the spares in support of the U.S. Air Force‘s F-35 delivery schedules.

DoD noted firm-fixed-price order falls under a basic ordering agreement and work is scheduled to occur through July 2022.

The Air Force will obligate the full amount of the order from its fiscal 2017 aircraft procurement funds.

Video of the Day

Related Articles

Next-Generation Interceptor Award: The Future of U.S. Missile Defense Articles

Next-Generation Interceptor Award: The Future of U.S. Missile Defense

The next-generation interceptor award is critical in shielding the homeland as a part of the U.S. missile defense strategy. It is set to replace the current Ground-Based Interceptors within the Ground-Based Midcourse Defense (GMD) system. The U.S. needs to keep investing in missile defense technologies to deal with growing threats against ballistic, cruise, and hypersonic

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted Executive Moves

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted

Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his