Lockheed Martin Wins $372M US Navy Contract For F-35 Fighters

The US Navy has awarded a contract worth $372 million to Lockheed Martin for Lot 10 F-35 Lightning II aircraft advance acquisition.

“Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded $372,918,148 for modification P00019 to the previously awarded low-rate initial production Lot 10 F-35 Lightning II advance acquisition contract (N00019-15-C-0003),” the US Department of Defense announced Monday.

This modification provides the procurement of F-35A and F-35B variant aircrafts including deficiency corrections for non-U.S. Department of Defense participants, the statement says.  

Work is expected to be completed in March 2020.