Lockheed Martin Wins $743M Navy Contract For F-35 Aircraft

Lockheed Martin Corp has won a contract with the US Navy for the production of F-35 Lightening II jets.

Lockheed Martin Corp.’s Aeronautics business division has recently clinched a modification contract from the U.S. Navy for the F-35 Lightening II Joint Strike Fighter aircraft. The original advance acquisition contract involved low-rate initial production of Lot 9 F-35 Lightening II jets.

Valued at $743.2 million, the deal offers additional funding and establishes not-to-exceed (NTE) prices for diminishing manufacturing and material shortages redesign and development, estimated post production concurrency changes and country unique requirements. Moreover, this modification will establish NTE prices for one F-35A aircraft and one F-35B aircraft for a non-U.S. Department of Defense (DoD) participant in the F-35 program.

The contract was awarded by the Naval Air Systems Command, Patuxent River, MD. Majority of the work will be carried out in Fort Worth, TX; El Segundo, CA; Warton, U.K.; Orlando, FL; and many other regions across the globe. The modification will utilize fiscal 2015 aircraft procurement (Air Force, Marine Corps, and Navy) and non-U.S. DoD participant and foreign military sales funds. Work related to this agreement will be over by Dec 2019.

About the Author

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William Stavski
William Stavsky is a news writer for the Wings Journal. William has a bachelor's degree in Journalism and Social Communication at the University of Humanities and Economics in Lodz. His biggest interests are aviation, rock climbing, and animal care. After graduating university Stavsky joined the Wings Journal where he is a dedicated journalist, eager to share the most important aviation news with the world.

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