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Navy Awards Lockheed Martin $3.7 Billion In Additional F-35 LRIP Aircraft

Friday, August 4th, 2017

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The U.S. Naval Air Systems Command awarded Lockheed Martin [LMT] a $3.7 billion modification to a previously awarded Low Rate Initial Production (LRIP) Lot 11 F-35 advance acquisition contract for additional aircraft, the Defense Department said July 28.This undefinitized not-to-exceed modification provides for the procurement of 50 aircraft for non-DoD participants and Foreign Military Sales (FMS) customers. This comprises one F-35B for the United Kingdom, one F-35A for Italy, eight F-35As for Australia, eight F-35As for the Netherlands, four F-35As for Turkey, six…

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