Hello, Guest!
  • Sunday, November 24, 2024

Lockheed Secures $394M F-35 Mission, Flight Equipment Production Funds

Lockheed Martin (NYSE: LMT) has been awarded a $393.8M contract modification by the U.S. Navy to manufacture F-35 pilot flight and ancillary mission equipment for domestic and international defense customers.

The company will provide AME/PFE and associated initial spares to support lot 14 fighter aircraft deliveries to the Navy, Marine Corps, Air Force, non-DoD participants and foreign military sales clients, DoD said Wednesday.

The Pentagon finalized a $34B contract in October 2019 for the Bethesda, Md.-based aerospace and defense contractor to build 478 F-35s in lots 12 through 14. The deal sought to achieve 12.7 percent savings in the production of all three aircraft variants.

Work under the modification is scheduled to conclude by September 2023.

Video of the Day

Related Articles

Mercury Systems EVP Mitch Stevison to Step Down in December Executive Moves

Mercury Systems EVP Mitch Stevison to Step Down in December

Mitch Stevison is stepping down as executive vice president and president of the mission systems division at Mercury Systems (Nasdaq: MRCY) on Dec. 1 after more than a year in the position. Bill Ballhaus, chairman and CEO of Mercury Systems, will head the division on an interim basis until a permanent successor is appointed, the

Nathan Pritchard Named Chief Engineer for Launch & Test Range Systems at Ensco Executive Moves

Nathan Pritchard Named Chief Engineer for Launch & Test Range Systems at Ensco

Nathan Pritchard, a 26-year systems and cybersecurity engineering veteran, has been appointed chief engineer for launch and test range systems on Ensco‘s systems engineering and integration program. He announced his new role in a recently published LinkedIn post and will oversee the company’s SE&I efforts supporting the U.S. Space Force’s Space Launch Delta 30 and

Industry Veteran Andy Windon Takes on VP Role at CAE’s Defense & Security Business Executive Moves

Industry Veteran Andy Windon Takes on VP Role at CAE’s Defense & Security Business

Andy Windon, a more than two-decade defense industry veteran, has joined aerospace technology manufacturer CAE as vice president of engineering and technology within its defense and security business, according to a LinkedIn post. Windon spent over a decade at Raytheon, now an RTX (NYSE: RTX) business, where he most recently served as principal engineering fellow