Hello, Guest!
  • Sunday, December 22, 2024

Lockheed Gets $1.5B Modification on Navy F-35 LRIP Advance Acquisition Contract


Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a potential $1.46 billion modification under a U.S. Navy advance acquisition contract for the low-rate initial production of F-35 air systems.

The modification funds long-lead material and parts Lockheed will need to manufacture 145 lot 13 aircraft for the U.S. military services, non-Defense Department participants and foreign military sales customers, DoD said Tuesday.

DoD added the company will obtain the items to build 69 lot 14 aircraft for non-DoD and FMS clients.

Work will take place in the U.S., U.K and Japan through December.

The Naval Air Systems Command is the contracting activity and will obligate the full amount of the modification at the time of award.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract News

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract

The U.S. Air Force has begun seeking proposals for a potential $5.7 billion follow-on multiple-award contract to provide combat air forces contracted air support services to help protect U.S. assets against advanced airborne threats. CAF CAS II seeks to procure non-personal services for realistic advanced adversary air threats and close air support threats to support

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,