Author: Nichols Martin|| Date Published: August 1, 2018
Lockheed Martin (NYSE: LMT) has received a $171.7 million U.S. Navy contract modification for the low-rate initial production of lot 11 F-35 aircraft.
The award covers diminishing manufacturing sources redesign efforts for the air system and work will occur through January 2024 in Fort Worth, Texas, the Defense Departmentsaid Tuesday.
DoD noted $68.6 million of the full obligated amount will expire at the end of the current fiscal year.
The modification falls under a $1.17 billion advance acquisition contract awarded to Lockheed in 2015 for procurement of the long lead materials needed to produce the lot 11 aircraft.
Ellen Lord, undersecretary of defense for acquisition and sustainment, said in mid-July the company and the Pentagon were in final talks regarding the eleventh fighter batch.
Kris Levin-Snow, area vice president within AT&T‘s national security group, will now oversee the company’s defense industrial base portfolio in addition…
Rocket Lab has signed a definitive agreement to acquire California-based Motiv Space Systems, adding space robotics and precision spacecraft mechanism…
Sonny Bhagowalia, assistant commissioner for information and technology and chief information officer at U.S. Customs and Border Protection, has received…
NextPoint Group expands intelligence-focused capabilities with UScontracting acquisition by adding expertise in cybersecurity, signals intelligence and data analysis for national…
Lockheed Martin (NYSE: LMT) has received a $171.7 million U.S. Navy contract modification for the low-rate initial production of lot 11 F-35 aircraft.
