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Business/Financial

Lockheed Awarded $4.7 Billion to Build 78 F-35 Aircraft

By Vivienne Machi

Wednesday, April 1st, 2020

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Lockheed Awarded $4.7 Billion to Build 78 F-35 Aircraft

The F-35A flies its aerial demonstration debut at the 2017 Paris Air Show. (Photo: Ethan Stokes/Lockheed Martin)

The Navy has awarded Lockheed Martin [LMT] a $4.7 billion contract modification to build 78 F-35 Joint Strike Fighters over the next three years. The contract award, announced March 31, includes 48 F-35A aircraft for the Air Force, 14 F-35Bs for the Marine Corps and 16 F-35Cs for the Navy. The funding is split up between the Air Force, which is providing over $2.7 billion in fiscal year 2020 procurement dollars, and the Navy, providing nearly $2 billion. Work is…

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