
The Navy awarded Lockheed Martin [LMT] a $1 billion modification on Sept. 24 for a previous advance acquisition contract, exercising options to produce and deliver 16 Lot 15 F-35 Joint Strike Fighters. This purchase includes 10 aircraft for the Air Force and six for the Marine Corps. The Air Force variant is the F-35A while the Marine Corps uses the F-35B variant. Work will be largely split between Fort Worth, Texas (57 percent); El Segundo, Calif. (14 percent); and Warton,…