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Navy Awards Lockheed Martin Hundreds Of Millions of Dollars In F-35 Support Equipment And Services

Rich Abott By
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The Naval Air Systems Command (NAVAIR) awarded Lockheed Martin [LMT] a $211 million modification to a previously awarded contract for the procurement of production non-recurring special tooling and special test equipment for F-35 aircraft, the Department of Defense said on July 31.This comes after the Navy awarded the company a $3.7 billion modification to the Low Rate Initial Production (LRIP) Lot 11 F-35 advance acquisition for 50 additional aircraft for non-DoD participants and Foreign Military Sales (FMS) customers. The funds were obligated…

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