Lockheed Awarded $1B for the Manufacture of 118 F-35 Jets
Lockheed Martin has won an advance acquisition contract valued $1.05 billion to produce new F-35 combat aircraft for U.S. forces and Foreign customers
This contract procures long lead time materials, parts, components, and efforts necessary to maintain on-time production and delivery of 118 Lot 18 aircraft F-35 aircraft for the Air Force, Marine Corps, Navy, non-U.S Department of Defense (DOD) participants, and Foreign Military Sales (FMS) customers.
Fiscal 2023 aircraft procurement (Air Force) funds in the amount of $172,000,000; fiscal 2023 aircraft procurement (Navy) funds in the amount of $289,000,000; FMS customer funds in the amount of $427,200,000; and non-U.S. DOD funds in the amount of $163,200,000 will be obligated at the time of award.
Work is expected to be completed in January 2024.
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