Tag Archives: fighter aircraft

Lockheed to Modernize South Korea F-16s Under $1.2B USAF Foreign Sales Deal

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the governments of the U.S. and South Korea, …

Read More »

Reports: DoD Issues $6.1B ‘Unilateral Contract Action’ on 9th Lockheed F-35 Production Batch

The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel and Norway; 13 F-35Bs for the U.S. Marine Corps and the …

Read More »

Air Force Taps American Systems for $85M Fighter Aircraft Testing Support IDIQ

American Systems has won a potential five-year, $85 million contract to provide operational test and evaluation support for the U.S. Air Force’s fourth- and fifth-generation fighter aircraft and related systems. The Air Force’s operational test and evaluation center at Kirtland AF Base in New Mexico awarded the indefinite-delivery/indefinite-quantity contract through a competitive procurement process with …

Read More »

Lockheed Gets $1B Contract Modification for Lot 11 US Navy, Marine Corps, Air Force F-35s

The Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $1.3 billion contract modification to deliver 13 F-35 low-rate initial production fighter planes to the U.S. Navy, Marine Corps and Air Force. The Defense Department said Monday the obligated amount of $311.9 million at the time of award is from …

Read More »

Lockheed to Build F-35 Alternate Mission Equipment Under $182M Navy Contract Modification

Lockheed Martin (NYSE: LMT) has received a $181.8 million contract modification from the Naval Air Systems Command to manufacture alternate mission equipment for low-rate initial production lot 9 F-35s. The Defense Department said Friday that Lockheed will build and deliver F-35 pilot flight tools, red gear and armaments to the U.S. …

Read More »

Lockheed Awarded $5B Modification on F-35 Production Contract with Navy

Lockheed Martin (NYSE: LMT) has been awarded a potential $5.4 billion contract modification to provide a total of 55 F-35 low-rate initial production fighter planes to multiple domestic and international defense customers. The award modifies a previously received LRIP Lot 9 advance acquisition contract, and about $625 million in fiscal 2016 U.S. military aircraft procurement funds …

Read More »

Lockheed Gets $431M Contract Modification for Lot 9 F-35 Special Tools, Equipment

Lockheed Martin (NYSE: LMT) has received a $431.3 million contract modification to collect special tooling and test equipment for F-35 fighter planes that are being acquired by U.S. and international defense customers. The Defense Department said Tuesday that Lockheed’s aeronautics business will obtain the non-recurring items for the company to …

Read More »

Report: DoD, Lockheed Forge $4B Deal on 8th F-35 Production Batch

Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have struck a $4 billion agreement for the company to build 43 additional F-35 jets, Reuters reported Thursday. Andrea Shalal writes the agreement for the F-35 program’s eighth batch seeks to lower the fighter’s cost by as much as 3 percent …

Read More »

Lockheed to Integrate Fighter Jet Targeting Pods for South Korea, Jordan

Lockheed Martin (NYSE: LMT) has been awarded two contracts to help South Korea’s and Jordan’s air forces install an electro-optical targeting system on their fighter planes. The company will provide its Sniper Advanced Targeting Pod as well as associated hardware and training support for KF-16 and F-15K fighters used by …

Read More »