Hello, Guest!
  • Friday, November 15, 2024

Lockheed Martin Gets $736M Modification to Lot 13 F-35 Advance Acquisition Contract


Lockheed Martin (NYSE: LMT) has received a $735.7 million modification to an advance acquisition contract that funds equipment and efforts necessary to build lot 13 F-35 low-rate initial production units for the U.S Air Force, Navy and Marine Corps.

The modification allocates $74.7 million for long-lead time materials, parts, components and support services, and another $660.9 million for lots 13 and 14 F-35 production equipment that completed hardware qualification tests, the Defense Department said Friday.

Work will occur through December 2019 at various locations in Texas, U.K. and Japan.

The three service branches will use fiscal 2018 aircraft procurement funds to cover the full obligated amount at the time of award.

Video of the Day

Related Articles

Lockheed Gets $173M Modification on Advance Lot 15 F-35 Acquisition Contract Contract Awards

Lockheed Gets $173M Modification on Advance Lot 15 F-35 Acquisition Contract

Lockheed Martin (NYSE: LMT) has been awarded a $173.2M contract modification by the U.S. Navy to obtain materials, components and support needed to build the 15th batch of F-35 jets.

Lockheed Receives $302M F-35 Ancillary Mission Equipment Delivery Order Contract Awards

Lockheed Receives $302M F-35 Ancillary Mission Equipment Delivery Order

The Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $302 million delivery order to obtain ancillary mission equipment for the 12th F-35 aircraft batch. The Defense Department said Friday the company will use the funds to procure low-rate initial production lot 12 aircraft equipment for the U.S. Navy, Air Force, Marine Corps, non-DoD participants and foreign military sales customers. Lockheed received

Lockheed Gets $1B Contract Modification for Lot 11 US Navy, Marine Corps, Air Force F-35s Contract Awards

Lockheed Gets $1B Contract Modification for Lot 11 US Navy, Marine Corps, Air Force F-35s

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 Department said Monday the obligated amount of $311.9 million at the time of award is from the three service branches’ fiscal