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09:23 AM, July 8, 2016
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Lockheed Martin Awarded $559 Million F-35 Lightning II Production Support Contract
Lockheed Martin Wins $559 Million F-35 Lightning II Production Support Contract

Lockheed Martin has been awarded the US Navy contract worth $559 million to provide logistics support, services and software upgrades for lot 10 F-35 Lightning II Joint Strike Fighter aircraft.

“Lockheed Martin Corp., Fort Worth, Texas, is being awarded a $559,500,000 cost-plus-incentive-fee, fixed-price-incentive-firm contract for non-air vehicle spares, support equipment, autonomic logistics information system hardware and software upgrades, supply chain management, full mission simulators and non-recurring engineering services in support of low rate initial production lot 10 F-35 Lightning II Joint Strike Fighter aircraft for the Air Force, Marine Corps, Navy, Non Department of Defense (DoD) Participants, and Foreign Military Sales customers,” the US Department of Defense announced Thursday.

Work is expected to be completed by July 2022.  

This contract combines purchases for the Non DoD participants ($261,270,820); Air Force ($127,841,076); foreign military sales customers ($105,996,766); Navy ($32,913,750); and Marine Corps ($31,477,588), the statement added.  

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