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Tag Archives: undefinitized contract action

Lockheed Gets $1.3B Upfront DoD Payment to Begin Lot 10 F-35 Production

The Defense Department has paid Lockheed Martin (NYSE: LMT) an upfront fee of $1.28 billion to bankroll the 10th batch of F-35 aircraft through a potential $7.19 billion “undefinitized” contract action by DoD, Bloomberg reported Wednesday. Anthony Capaccio writes DoD made the down payment to Lockheed as both parties work to definitize the …

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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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General Atomics Lands Air Force Contract for France’s 2nd MQ-9 Reaper System

General Atomics will deliver more MQ-9 Reaper unmanned aerial vehicles under a $43.7 million sole-source contract from the U.S. Air Force as part of a foreign military sale agreement with France. The Defense Department said Tuesday the undefinitized contract action covers France’s second MQ-9 system. France previously placed a potential $1.5 billion …

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