Author: Matthew Nelson|| Date Published: February 6, 2019
Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system.
The company will aim to complete the cost reduction efforts by June 2022, the Department of Defense said Tuesday.
The Navy, Air Force and Marine Corps will use fiscal 2017 aircraft procurement funds on this modification.
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Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system.
