Lockheed Martin Wins Additional $852 Million For F-35s

Our Bureau
02:29 PM, August 13, 2013
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Lockheed Martin has won a not-to-exceed $852 million undefinitized modification to the previously awarded Low Rate Initial Production Lot 6 Advance Acquisition contract.

This modification provides for the procurement of special tooling and special test equipment for the U.S. Navy, U.S. Air Force and the international partners, which is critical to preserving the current F-35 delivery schedules and meeting future production rates.

The work is expected to be completed in December 2016.

Fiscal 2011 Aircraft Procurement, Air Force, fiscal 2011 and 2012 Aircraft Procurement Navy, and International Partner contract funds in the amount of $639,223,516 will be obligated at time of award, $515 million of which will expire at the end of the current fiscal year.

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