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Air Force

Lockheed Martin Receives $847 Million Long-Lead F-35 Contract

Frank Wolfe Frank Wolfe
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Lockheed Martin Receives $847 Million Long-Lead F-35 Contract
U.S. Air Force F-35A Lightning II’s assigned to the 495th Fighter Squadron conduct a flyover upon arrival at Royal Air Force Lakenheath on Dec. 15, 2021 (U.S. Air Force Photo)

Lockheed Martin [LMT] has received a more than $847 million contract for long-lead items for 105 F-35s in Lot 17 of the fighter buy. On Dec. 29, Naval Air Systems Command (NAVAIR) awarded the company the long-lead contract through May 2026 for the U.S. Air Force F-35A, Marine Corps F-35B, Navy F-35C, and foreign F-35s. The company is to perform more than half the work--57 percent--in Fort Worth, Texas, 14 percent in El Segundo, Calif,, nine percent in Warton, England,…

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