Hello, Guest!
  • Saturday, November 23, 2024

BAE to Lead F-35 Sustainment in UK Under Subcontract From Lockheed


TYSONS CORNER, VA, April 4, 2017 ” Lockheed Martin (NYSE: LMT) has awarded an estimated $50 million subcontract to BAE Systems for support to the F-35 fighter jet fleet in the U.K., ExecutiveBiz reported Monday.

BAE said Friday it will work with Lockheed to provide engineering, technical, training, maintenance and supply chain management services and lead sustainment work for the U.K.’s F-35 aircraft.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services Contract Awards

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services

Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material and related services in support of initial

Report: Federal Government Awarded Record $765B in FY 2023 Contracts Contract Awards

Report: Federal Government Awarded Record $765B in FY 2023 Contracts

A HigherGov analysis of government contracting activity showed that federal contracts awarded in fiscal year 2023 reached a record high of $765 billion, reflecting a 9.5 percent growth from FY 2022. The Navy saw the largest jump in contract awards in 2023, recording $154 billion.