Hello, Guest!
  • Friday, November 22, 2024

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 Corps, foreign military sales customers and international partners, the Defense Department said Wednesday.

Work will occur in California, New York, Florida and Texas through June 2020.

The Naval Air Systems Command will obligate the modification™s full amount from the service branches™ fiscal 2016 aircraft procurement funds as well as FMS and international partner funds.

The award came two months after Lockheed secured a $372.9 million contract modification for the production of F-35A and F-35B variants and another $422.7 million modification to supply test equipment and tools for lot 10 F-35s.

Video of the Day

Related Articles

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech Contract Awards

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech

Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024,

HII to Create Quality-of-Service Incentive Program for USS Enterprise Builders Contract Awards

HII to Create Quality-of-Service Incentive Program for USS Enterprise Builders

HII (NYSE: HII) has received a $120.3 million contract modification from the U.S. Navy to create a special incentive program to improve the quality of life for sailors stationed at the company’s facility in Newport News, Virginia. The modification was made under a previously awarded contract for the design and construction of the future USS

Navy Unveils $250M Award to UW’s Applied Physics Lab for DOD R&D Support Contract Awards

Navy Unveils $250M Award to UW’s Applied Physics Lab for DOD R&D Support

The U.S. Navy has awarded a potential $250 million contract modification to the University of Washington’s Applied Physics Laboratory to sustain its provision of research, development, test and evaluation support for Department of Defense programs. The modification raises the ceiling value of a previously awarded contract to $925.8 million, the Department of Defense said Friday. In October