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Navy Awards Lockheed Martin $122 Million For F-35 Support Equipment

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Navy Awards Lockheed Martin $122 Million For F-35 Support Equipment

The Navy Wednesday awarded Lockheed Martin [LMT] a $122 million modification to a previously-awarded F-35 low rate initial production (LRIP) Lot VI cost-plus incentive fee contract for the procurement of support equipment, according to a Defense Department statement. Support equipment includes sensor covers, tool sets, vacuum clamp sets and heat gun assemblies. Work is expected to be completed by November 2016. In all, $122 million in Air Force fiscal year 2012 aircraft procurement funds will be obligated at the time…

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