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Lockheed Wins Two F-35 Contracts Worth $1.16 Billion, First Award For Lot 15

Rich Abott By
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Lockheed Wins Two F-35 Contracts Worth $1.16 Billion, First Award For Lot 15
Two F-35A Lightning IIs from the 388th Fighter Squadron, Hill AFB, Utah, and three F-15C Eagles from the 493rd Fighter Squadron, RAF Lakenheath, England, fly in formation during a training sortie over the United Kingdom, April 27, 2017. The F-35As first arrived at RAF Lakenheath on April 15, 2017, which marked it's first flying training deployment to Europe. (U.S. Air Force Photo/Tech. Sgt. Roidan Carlson)

Naval Air Systems Command (NAVAIR) awarded Lockheed Martin [LMT] two contracts worth a total of $1.16 billion on Nov. 26 to produce and deliver 15 Lot 14 F-35A Joint Strike Fighters for Australia and the first advance support award for 48 Lot 15 F-35As for the U.S. The first award, a $831 million modification, provides for full production and delivery of 15 Lot 14 F-35As for Australia. The majority of the work will occur in Fort Worth, Texas (59 percent),…

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