F-35 developer Lockheed Martin is part of the Aerospace Industries Association (AIA) trade group. Photo: Air Force
By Pat Host |
7 years ago |
05/02/2016

The Navy on Monday awarded Lockheed Martin [LMT] a $1.3 billion contract modification for F-35 work, according to a Defense Department statement.

The award is a not-to-exceed undefinitized contract modification to the previously awarded low-rate initial production Lot 11 advance acquisition contract. The award provides for the delivery of 13 aircraft.

The F-35 could be an example of a "highly-integrated, dense" weapon system. Photo: Air Force
The F-35 could be an example of a “highly-integrated, dense” weapon system. Photo: Air Force

Work is expected to be completed by December 2019. The F-35 is developed by Lockheed Martin with subcontractors BAE Systems and Northrop Grumman [NOC].