Lockheed Martin Wins F-35 Deal

Lockheed Martin Corp. is being awarded a $34,8 million modification to a previously awarded cost-plus-fixed-fee contract for modification management of deployable spares packages for F-35 Lightening II Low Rate Initial Production Lot VI aircraft.

In addition, this contract provides for unit level augmentation and delivery of technical, administrative, and associated financial data. This modification combines purchases for the U.S. Air Force, the U.S. Marine Corps, the U.S. Navy and the international partners.

Work will be mostly performed in Fort Worth, Texas, and is expected to be completed in March 2016.

Fiscal 2014 and 2015 aircraft procurement funds in the amount of $34,893,266 will be obligated at time of award, none of which will expire at the end of the current year.

The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

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Press release, Image: US Navy