Tag Archives: LRIP

Lockheed to Produce 50 Lot 11 F-35s for FMS Clients Under $3.7B Navy Contract Modification

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 …

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Lockheed Gets $74M in Navy Contract Modifications for Lots 11, 12 F-35 Parts, Engineering Support

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 …

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Lockheed Lands $258M Contract Modification for Lot 10 F-35 Pilot Flight Equipment

Lockheed Martin (NYSE: LMT) has received a potential three-year, $257.8 million contract modification from the U.S. Navy to supply alternate mission tools, pilot flight equipment and red gear to support the low rate initial production of lot 10 F-35 Lightning II fighter jets. The firm-fixed-price modification covers purchases from the Navy, U.S. Air Force, U.S. Marine …

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Northrop Receives $350M in Triton UAV, Spares Production Funds From Navy

Northrop Grumman (NYSE: NOC) has secured $350 million in contract funds to produce MQ-4C Triton unmanned aerial vehicles, control stations and interim spares for the U.S. Navy. The company will work on three lot 1 low-rate initial production MQ-4C UAVs,  main and forward operation control stations, tooling and training courseware under a $255.3 million …

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BAE’s US Arm Lands $85M Navy Data Link System Development Contract

BAE Systems’ U.S. subsidiary has won a potential six-year, $84.7 million contract to design and develop Network Tactical Common Data Link systems for the U.S. Navy. The service branch awarded the firm-fixed-price, cost-plus-incentive-fee contract to BAE Systems Inc. through a competitive procurement process with four proposals received, the Defense Department said Wednesday. The …

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Boeing Gets $2.8B Air Force Contract Modification for Lot 1 & 2 Tankers

Boeing (NYSE: BA) has been awarded a potential two-year, $2.81 billion contract modification to deliver a total of 19 KC-46A Pegasus low-rate initial production aircraft to the U.S. Air Force. The service branch made the award for the first two LRIP lots after the aircraft received Milestone C approval from the Defense …

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Defense News: Lockheed to Get $1B in DoD Reimbursement Funds for LRIP Lot 9 F-35s

Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds …

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BAE Systems Inc. Lands $245M Army Paladin Vehicle Contract

BAE Systems’ U.S. subsidiary has received a $245, 266, 248 contract modification to produce Paladin howitzers and ammunition vehicles for the U.S. Army. BAE Systems Inc. will build 30 M109A7 self-propelled howitzers and 30 M992A3 carrier, ammunition and tracked vehicles under the second option in the Paladin integrated management low-rate …

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