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05:35 AM, July 7, 2016
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Lockheed Martin Wins $94 Million To Supply Electronic Components For F-35 Fighter Jets
Lockheed Martin F-35 lightning

Lockheed Martin has won $93.8 million contract for procurement of diminishing manufacturing sources electronic components to support F-35 aircraft.

The modification will support aircraft production through Lot 14 for U.S. facilities, and Lot 15 for international facilities for the F-35 Lightning II aircraft.  Work is expected to be completed in June 2017, US department of defense said in a statement Thursday.

Fiscal 2014 aircraft procurement (Air Force, Navy); fiscal 2015 aircraft procurement (Marine Corps); foreign military sales; and international partner funds in the amount of $66,720,487 are being obligated at time of award, $34,353,278 of which will expire at the end of the current fiscal year.

The Naval Air Systems Command, Patuxent River, Maryland, is the contracting authority. 

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