Hello, Guest!
  • Thursday, November 21, 2024

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

Jeff Brody

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.

The company will use the funds to meet F-35 production and delivery goals in support of the Navy and the Marine Corps as well as Italy under a foreign military sales agreement, the Department of Defense said Monday.

In February, Lockheed received a $347.8M modification as part of an advance acquisition contract for 43 lot 15 aircraft for the fighter program's FMS and non-DoD participants.

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