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  • Sunday, November 24, 2024

Lockheed to Develop F-35 Pilot Training Server Under $98M Navy Contract Modification

Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $97.7 million contract modification to develop a runtime server for the F-35 pilot training system.

The Department of Defense said Monday that the company’s aeronautics segment will provide the hardware to the U.S. Navy, Air Force and non-DOD participants.

NAVAIR will obligate $12.8 million at the time of award, including $10.5 million from USAF’s and Navy’s fiscal 2021 research, development, test and evaluation funds.

Lockheed Martin Aeronautics will provide recurring F-35 logistics services to domestic and foreign military customers of the Joint Strike Fighter air system under a separate  $1.80 billion contract awarded in late June.

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