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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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Navy Awards Lockheed Martin Hundreds Of Millions of Dollars In F-35 Support Equipment And Services
Two F-35A Lightning IIs from the 388th Fighter Squadron, Hill AFB, Utah, and three F-15C Eagles from the 493rd Fighter Squadron, RAF Lakenheath, England, fly in formation during a training sortie over the United Kingdom, April 27, 2017. The F-35As first arrived at RAF Lakenheath on April 15, 2017, which marked it's first flying training deployment to Europe. (U.S. Air Force Photo/Tech. Sgt. Roidan Carlson)

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 Monday.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…

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