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Lockheed Martin Awarded $5.1 Billion in F-35 Contracts

Lockheed Martin Awarded $5.1 Billion in F-35 Contracts
Pictured are U.S. Air Force 34th Fighter Generation Squadron mechanics about to get to work on F-35A Lightning IIs after landing at Santa Maria Airport in Santa Maria, Calif. during Exercise Bamboo Eagle 24-3 on Aug. 3 (U.S. Air Force Photo)

Lockheed Martin [LMT] is receiving $5.1 billion in three contracts for the F-35 Lightning II fighter, including Block 4 related upgrades, DoD said on Aug. 28. The largest contract--$3.9 billion through September 2028--is for "training system and simulation design, development, integration, test, production, deployment, modifications/upgrades, and sustainment," the Pentagon said. Lockheed Martin is to perform 60 percent of the work at its Missiles and Fire Control business in Orlando, Fla.; 30 percent in Fort Worth, Texas--the location of the company's…

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