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Navy Awards Lockheed Martin $279 Million Contract Modification For F-35

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Navy Awards Lockheed Martin $279 Million Contract Modification For F-35

The Navy Monday awarded Lockheed Martin [LMT] a $279 million contract modification to a previously awarded F-35 low rate initial production (LRIP) Lot 6 contract, according to a Defense Department statement. The modification provides for non-recurring sustainment activities, to include procurement of Depot Phases I-IV sustainment activities. Work is expected to be completed by October 2018.  Fiscal year 2012 aircraft procurement (Navy and Air Force) funds and international partner funds in the amount of $279 million will be obligated at…

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