Lockheed Martin Wins $743 Million For Lot 9 F-35 Fighters

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  • 11:40 AM, October 18, 2016
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Lockheed Martin Wins $743 Million For Lot 9 F-35 Fighters
Lockheed Martin F-35 Joint Strike Fighter

Lockheed Martin is being awarded a $743 million to the previously awarded low-rate initial production Lot 9 F-35 Lightening II Joint Strike Fighter advance acquisition contract. 

This modification provides additional funding and will establish not-to-exceed (NTE) prices for diminishing manufacturing and material shortages redesign and development, estimated post production concurrency changes and country unique requirements, US department of defense said in a statement Monday.

In addition, this modification will establish NTE prices for one F-35A aircraft and one F-35B aircraft for a non-U.S. Department of Defense (DoD) participant in the F-35 program. 

Work is expected to be completed in December 2019. 

This modification combines purchases for the Air Force, Navy, and Marine Corps, non-U.S. DoD participants and Foreign Military Sales.  The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

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