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Navy/USMC

Lockheed Martin Nabs Another $348 Million For F-35 Long-Lead Materials

Monday, February 10th, 2020

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Lockheed Martin Nabs Another $348 Million For F-35 Long-Lead Materials

Two Israeli F-35 Adirs fly in formation after receiving fuel from a Tennessee Air National Guard KC-135, Dec, 6, 2016. (U.S. Air Force Photo)

Naval Air Systems Command (NAVAIR) on Friday awarded Lockheed Martin [LMT] a modification worth up to $348 million for long-lead materials and support for 43 Lot 15 F-35s. This Feb. 7 modification covers long-lead materials, parts, components and support necessary to maintain on-time production and delivery of 43 F-35s for non-Defense Department and Foreign Military Sales customers. The earlier award was a fixed-price-incentive-firm-target advance acquisition contract. Work will be split among Fort Worth, Texas (30 percent), El Segundo, Calif. (25…

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