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F-35 Sustainment Contract To Pay Bonuses for Improved MC Rates

Frank Wolfe Frank Wolfe
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F-35 Sustainment Contract To Pay Bonuses for Improved MC Rates
U.S. Air Force F-35A Lightning II aircraft assigned to the 495th Fighter Squadron, return to Royal Air Force Lakenheath, England, after concluding a training exercise with NATO allies on Feb. 22 (U.S. Air Force Photo)

Lockheed Martin [LMT] is to receive incentive bonuses on its sustainment contract for the F-35 fighter by achieving an "up to" 75 percent mission capable (MC) rate for the U.S. Air Force F-35A and a 61 percent MC rate by fiscal 2023 for the U.S. Marine Corps F-35B and U.S. Navy F-35C, the F-35 Joint Program Office said on March 9. The conference report on the fiscal 2022 omnibus spending bill directs the DoD acquisition chief's office to deliver to…

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