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Lockheed Martin Receives Nearly $870 Million in Long Lead Funding for F-35 Lot 20

Frank Wolfe Frank Wolfe
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Lockheed Martin Receives Nearly $870 Million in Long Lead Funding for F-35 Lot 20
An F-35 Lightning II assigned to Vermont's 158th Fighter Wing is refueled from a C-130 Hercules, during a Forward Area Refueling Point (FARP) mission during the Maple Thunder exercise at North Auxiliary Airfield, Joint Base Charleston on January 30th (U.S. Air Force Photo)

Lockheed Martin [LMT] has received a nearly $870 million award for long-lead items and parts for production Lot 20 of the company's F-35, DoD said in a Friday contracts announcement. Contract work, 59 percent of which is to be at the company's F-35 plant in Fort Worth, 14 percent in El Segundo, Calif., 9 percent in Warton, United Kingdom, and 8 percent in Cameri, Italy and Orlando, Fla., is to finish in 2031, the announcement said. Lockheed Martin expects to…

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