Author: Mary-Louise Hoffman|| Date Published: May 3, 2016
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 Departmentsaid Monday the obligated amount of $311.9 million at the time of award is from the three service branches’ fiscal 2016 aircraft procurement funds.
The modification covers the delivery of three F-35A conventional takeoff-and-landing variants for the Air Force, six F-35B short takeoff and landing variants for the Marine Corps and four F-35C carrier variants for the Navy.
The award came after Lockheed received nearly $180 million in contract funds in late March to obtain long-lead-time items that the company will need to build LRIP Lot 11 F-35s.
Lockheed is scheduled to complete work under the contract modification in December 2019.
Former NASA executive Dan Tenney has been selected to succeed Michael Williamson as senior vice president of global business development and strategy at Lockheed…
bachelor’s”Brandy Durham has taken on new responsibilities as chief data and artificial intelligence officer at ManTech. The Herndon, Virginia-based company…
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.
