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Lockheed Martin Nabs $1 Billion Option For 16 More F-35s

Rich Abott By
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Lockheed Martin Nabs $1 Billion Option For 16 More F-35s
F-35As are pictured at Hill AFB, Utah on Jan. 6 last year during an exercise (U.S. Air Force Photo)

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,…

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