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Tag Archives: F-35

Lockheed Wins $187M for Joint Strike Fighter Engineering

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $187 million contract modification to provide system engineering sustainment activities. Contract work will meet the requirements and delivery schedule of the low rate initial production, lot five, F-35 Joint Strike Fighter. Work is expected to be completed in May 2012. …

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Lockheed Martin Registers Massive $3.5 Billion F-35 Contract; 3 Other Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $3, 485, 385, 767 modification to a previously awarded cost-plus-incentive-fee contract (N00019-09-C-0010).  This modification converts contract type for the efforts described below from a cost-plus-incentive-fee to a fixed-price-incentive (firm target) for the manufacture and delivery of …

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Lockheed Scores $800 Million F-35 JSF Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT)  is being awarded an $819, 647, 920 cost-plus-incentive-fee modification to a previously awarded advance acquisition contract (N00019-09-C-0010) for special tools/test equipment required in support of the F-35 Joint Strike Fighter (JSF) air system low-rate initial production Lot IV production.  Work …

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UK gets funding to purchase F-35 from Lockheed Martin

The United Kingdom has received approval to purchase its third F-35B Lightening II operational test aircraft. The UK has already invested around $2 billion in the development of the F-35, the largest amount from any participating nation. The Netherlands, Australia, Norway, the US and Italy have also recently committed to …

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Defense Secretary Robert Gates to Tour Lockheed Martin F-35 JSF Production Plant

Defense Secretary Robert Gates will visit a Lockheed Martin Corp (LMT) manufacturing facility that builds the F-35 fighter aircraft, the Pentagon’s costliest arms purchase program, a move that highlights its strategic importance to the DoD.

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Lockheed Martin Wins $441.9 Million Modification to F-35 Contract

Lockheed Martin Corp has won a $441.9 million modification to its U.S. Navy F-35 fighter contract, according to the Pentagon.  The modification changes an initial low-rate production “advance acquisition” contract to a “cost-plus-incentive-fee/award-fee contract” that compensates a contractor in a way that equals its expenses plus a profit.  The stealth-enabled F-35 fighter jet is in …

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