Tag Archives: LRIP

Lockheed Martin (NYSE: LMT) and the Defense Department have sealed a potential $11.5B deal for the company to build 141 lot 11 F-35 fighter jets for the U.S. and foreign allies. The contract includes the delivery of 91 low-rate initial production F-35s for U.S. service branches, 28 jets for international partners and …

TYSONS CORNER, VA, June 29, 2018 — Lockheed Martin’s (NYSE: LMT) Joint Air-to-Ground Missile has received a “milestone C” decision from the Defense Department’s defense acquisition board, allowing the company to commence the low-rate initial production of the weapon system, ExecutiveBiz reported Thursday. The company said Wednesday the board granted …

Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps. The modification allocates $74.7 million for long-lead time materials, parts, components and support …

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has received a potential three-year, $2 billion contract modification from the U.S. Navy to produce the 11th batch of F135 engines for all three variants of the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft. Pratt & Whitney said Thursday it will …

Lockheed Martin (NYSE: LMT) has received a potential $558.3 million contract from the U.S. Navy to provide sustainment services to support the low-rate initial production of lot 11 F-35 Lightning II fighter jets. The Defense Department said Thursday the sustainment support contract includes training facilities and devices, Autonomic Logistics Information System software …

The U.S. Army has awarded Endeavor Robotics and QinetiQ North America spots on a potential nine-year, $429.1 million contract to engineer, manufacture and develop robotic systems. The Army Contracting Command received three bids for the EMD contract in support of the Common Robotic System (Individual) program, the Defense Department said Friday. …

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a potential $1.46 billion modification under a U.S. Navy advance acquisition contract for the low-rate initial production of F-35 air systems. The modification funds long-lead material and parts Lockheed will need to manufacture 145 lot 13 aircraft for the U.S. military services, …

Lockheed Martin (NYSE: LMT) has secured a $427 million order from the U.S. Navy to provide ancillary military and pilot flight equipment for the 11th batch of low-rate initial production F-35 jets. The Defense Department said Monday Lockheed will supply the F-15 equipment to the Navy, Air Force, Marine Corps, non-DoD participants and foreign military sales customers. Work is …

Lockheed Martin (NYSE: LMT) has received a potential $3.69 billion contract modification from the U.S. Navy for the low-rate initial production of 50 lot 11 F-35 Lightning II aircraft for foreign military sales clients. The modification covers the production of 22 F-35A jets for FMS customers, eight F-35As for the Netherlands, six F-35As for Norway, four …

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) two contract modifications worth approximately $73.9 million combined to provide materials and services to support the low-rate initial production of F-35 Lightning II aircraft. Lockheed will provide long-lead parts and components for additional five lot 12 F-35B fighter jets under a $43.9 million …