Lockheed Martin (NYSE: LMT) has secured a U.S. Navy contract modification worth $611.3 million to develop infrared and radar detection capabilities for the F-35 program.
The Department of Defense said Friday the aerospace and defense manufacturer’s aeronautics business is tasked with providing Multi-Ship Infrared Search and Track Increment 2 hardware and Band 5 Radar Warning Receiver hardware to be utilized by the F-35A/B/C aircraft.
The contract is intended to provide support for Lot 18 U.S. Reprogramming Lab as well as laboratory development in Australia, Canada, the United Kingdom, Norway, Italy, Denmark and the Netherlands. Additionally, it will support Foreign Military Sales mission data file updates and F-35 In a Box development and licensing for the said F-35 fleet.
The award is a modification to the cost-plus-fixed-fee, cost-plus-incentive-fee contract previously secured by the company in 2023. Under the said five-year, $1.44 billion contract, Lockheed is developing warfighting capabilities for the F-35 aircraft.
Majority of the project, which is expected to be completed in June 2026, will be done in Fort Worth, Texas (60 percent) and Nashua, New Hampshire (16 percent). The remaining work will be carried out in Baltimore, Maryland; Orlando and Clearwater, Florida; Torrance, San Diego, El Segundo and Northridge, California; Buffalo, New York; and Tucson, Arizona.
An initial amount of approximately $5.7 million each will be obligated from the fiscal 2024 development, test and evaluation funds of the Navy and Air Force. In addition, $1.2 million will be allocated from FMS customer funds and another $15.5 million will come from funds of non-DOD participants.
Naval Air Systems Command, based in Patuxent River, Maryland, is managing the contract.
Get first hand account of what naval leaders and experts have to say about maritime security and other critical issues at the Potomac Officers Club‘s 2024 Navy Summit. Register here for the Aug. 15 event.
