Sign In
Search
Uncategorized

Lockheed Martin Moves F-35 Suppliers To Longer Term Contracts

Rich Abott By
SHARE:
Lockheed Martin Moves F-35 Suppliers To Longer Term Contracts
Aviation Technician 3rd Class Tyler Dean, assigned to the "Argonauts" of Strike Fighter Squadron (VFA) 147, signals to the pilot, Cmdr. Daniel Kitts, after a successful flyover during the change of command ceremony. VFA-147 is the first Navy F-35C carrier variant (CV) operational squadron (Photo: U.S. Navy)

Lockheed Martin [LMT] on Wednesday announced it has moved more F-35 suppliers to longer term contracts and agreements to reduce sustainment cost and enhance supply availability. The company was able to move several contracts with BAE Systems, Northrop Grumman [NOC], and Collins Elbit Vision Systems (CEVS) to Performance Based Logistics (PBL) contracts. CEVS is a joint venture between United Technologies' [UTX] Collins Aerospace segment and Elbit Systems [ESLT]. In moving from annual to multi-year PBL contracts, each company will be allowed…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Fairbanks Morse Defense Acquires Valve-Maker Truflo Marine

International

DoD Picks Poland To Host European PAC-3 Maintenance Facility

Navy/USMC

Cao Picks Rucker To Lead PAE Maritime

International

X-Bow To Provide Booster For Navy’s CHAOS Ally Missile

Trending

Northrop Grumman Declines To Protest F/A-XX
Bridenstine: First Quantum Space Delivery ‘Will Be Well Ahead’ Of 2031 First Task Order Due Date Under Andromeda
Defense Watch: Marauder, CVN-65, Leidos OTAs, Joby USAF Contract, S-92 to Korea
Executive Branch Decisions on Ukraine Loom, Including New Starshield Contract and F-16 Upgrades
Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Congress Updates

Congress

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid.  Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume