News

Lockheed Martin F-35 Contract Modification

1 Mins read

Lockheed Martin, a global leader in security and aerospace, has secured a significant $663.1 million contract modification for its F-35 Lightning II Joint Strike Fighter Air Systems fighter. This contract encompasses a range of essential services to support the sustainment efforts for various branches of the military and international defense participants.

Scope of Work

The scope of work includes ground maintenance activities, depot activation activities, and comprehensive pilot and maintainer training. These efforts are crucial in ensuring the operational readiness and efficiency of the F-35 Lightning II Joint Strike Fighter Air Systems. The services will benefit the Navy, Air Force, Marine Corps, foreign military customers, and non-U.S. Department of Defense participants.

Key Locations and Timeline

The majority of the work will be conducted in Fort Worth, Texas, and Orlando, Florida. The project is anticipated to be completed by June 2027, highlighting Lockheed Martin’s long-term commitment to supporting the F-35 program.

Additional Contracts

In addition to the $663.1 million contract modification, Lockheed Martin has also secured a $170.8 million modification for a Texas indefinite-delivery, indefinite-quantity contract and a $109.3 million cost-plus-fixed-fee contract in Florida. These contracts will support the integration of the Trident II Missile and re-entry subsystems into the Common Missile Compartment for the U.S. Columbia/U.K. Dreadnought submarine construction programs.

As Lockheed Martin continues to deliver innovative solutions for defense and aerospace applications, these contracts underscore the company’s ongoing dedication to excellence and advanced technology integration in support of critical defense programs.

Related posts
News

Banking Regulations for Preventing Failures

2 Mins read
Banking regulators have the power to prevent future bank collapses, according to a panel of banking experts who emphasized the importance of…
News

Dave's Strong Q4 Performance

1 Mins read
Shares of Dave surged on Tuesday following the digital bank’s announcement of a profitable fourth quarter earlier than expected, with a positive…
News

DaVita Expands in Latin America

1 Mins read
Shares of DaVita reached record levels as the kidney care services company announced its significant expansion into Latin America through a $300…

Leave a Reply

Your email address will not be published. Required fields are marked *

− 2 = 3