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Lockheed Martin Awarded $1.46 Billion Mod For F-35 Long-Lead Material

Rich Abott By
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Lockheed Martin Awarded $1.46 Billion Mod For F-35 Long-Lead Material
Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

The Naval Air Systems Command awarded Lockheed Martin [LMT] a $1.46 billion modification for long-lead material and parts for F-35 aircraft, the Defense Department said Tuesday.This not-to-exceed modification on an earlier advance acquisition contract specifically covers low rate initial production (LRIP) F-35s.This includes 145 Lot 13 aircraft for the Navy, Marine Corps, Air Force, non-U.S. Defense Department participants, and foreign military sales (FMS) customers as well as 69 Lot 14 F-35s for non-U.S. DoD participants and FMS customers.The company said…

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