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Air Force

Navy Awards Lockheed Martin $700 Million Contract For F-35 Long Lead Parts

Pat Host

Tuesday, March 25th, 2014

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Navy Awards Lockheed Martin $700 Million Contract For F-35 Long Lead Parts

The Marine Corps' short takeoff and vertical landing (STOVL) F-35B performs a vertical landing. Photo: Lockheed Martin.

The Navy Tuesday awarded Lockheed Martin [LMT] a roughly $700 million contract for long-lead parts, components and materials in support of 57 low rate initial production (LRIP) Lot 9 F-35 aircraft, according to a Defense Department statement. The fixed-price-incentive, firm target, advanced acquisition contract includes 26 F-35As for the Air Force, six F-35Bs for the Marine Corps, two F-35Cs for the Navy, six F-35As for Norway, one F-35A for Italy, seven F-35As for Israel, two conventional takeoff and landing (CTOL)…

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