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Lockheed Martin Sees F-35 LRIP 11 Award In 2017; Mulls Options For Potential Response To LRIP 9 Award

Cal Biesecker By
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Lockheed Martin Sees F-35 LRIP 11 Award In 2017; Mulls Options For Potential Response To LRIP 9 Award
Lockheed Martin Chief Financial Officer Bruce Tanner. Photo: Lockheed Martin

Lockheed Martin [LMT] expects to receive a contract for the next batch of F-35 Joint Strike Fighters (JSF) later this year and the company is still keeping open its options regarding a unilateral contract option taken by the program office late last year for the ninth lot of the next-generation fighters, Bruce Tanner, chief financial officer (CFO) for Lockheed Martin, said on Wednesday.The contract for Lot 11 Low Rate Initial Production (LRIP) is forecast to be late in the third…

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