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Lockheed Martin Awarded $6 Billion Toward F-35 Lot 12 Contract

Vivienne Machi By
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Lockheed Martin Awarded $6 Billion Toward F-35 Lot 12 Contract
Lockheed Martin's F-35 Lightning II at the 2018 Paris Air Show. Photo: Lockheed Martin

The Navy on Wednesday awarded Lockheed Martin [LMT] a contract modification that allows the company to take the first steps toward a Lot 12 contract of the F-35 Joint Strike Fighter worth up to $22 billion and including 255 aircraft.The current modification, worth $6 billion, is for the production and delivery of 106 F-35 aircraft to the U.S. military, to include 64 F-35A variants for the Air Force, 26 F-35B vertical-takeoff-and-landing platforms for the Marine Corps and 16 F-35C Navy…

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