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.