Lockheed Martin has won $1.3 billion advance acquisition contract for long-lead time materials, parts, components, and effort for 130 F-35 Lightning II aircraft for the Air Force, Navy and Marine Corps.
In addition, this contract provides long-lead time materials, parts, components, and effort for 110 Lot 13 and 14 F-35 Lightning II aircraft for the foreign military sales customers, the Pentagon announced Sunday.
Work is expected to be completed in December 2018.
“Fiscal 2017 aircraft procurement (Air Force, Navy, Marine Corps); non-U.S. DoD participant; and foreign military sales funds in the amount of $1,377,002,000 are being obligated at time of award, none of which will expire at the end of the current fiscal year,” the statement added.
Lockheed Martin has won contract to upgrade the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M‑TADS/PNVS) system for Japan's fleet of AH-64DJP Apache attack helicopters and provide Performance Based Logistics (PBL) support. Under the M-TADS/PNVS contract, Lockheed Martin will deliver 14 laser designation kits through 2020 to upgrade Japan Ground Self Defense Force (JGSDF) M-TADS systems, the company announced Wednesday
Lockheed Martin booked $184M in charges on two Middle East contracts, in a move that highlights the potential pitfalls of the overseas deals that have been driving growth for US defense contractors. Lockheed Martin took charges on a new missile-defense system being developed for the UAE and an Abu Dhabi-based aircraft maintenance joint venture, ending a multi-quarter run of earnings beats, the company said in a statement Tuesday
Indonesia will equip its F-16 Fighting Falcon fighter jets with Lockheed Martins Sniper Advanced Targeting Pod under an agreement signed during the US Vice President Mike Pence visit to Jakarta last week. According to a statement released by the U
Lockheed Martin incurred reduced net earnings of $114 million, or $0.39 per share due to a $120 million charge on a 'loss program' to design, integrate, and install an integrated air missile defense C4I system for an international customer
US Air Force has ended a restriction that prohibited pilots of a variant of the F-35 fighter jet from weighing less than 136 pounds. The restrictions were imposed after testing showed lightweight could injure pilots or even can be fatal while ejecting from the aircraft
The Niles branch of Arconic Titanium and Engineered Products has received a $1.1 billion contract for supplying titanium parts for Lockheed Martin's F-35 Lightning II fighter jets
Lockheed Martin has designed four-rotor unmanned aerial system (UAS), Indago 3, to boost military intelligence operations. A new four-rotor unmanned aerial system (UAS) enables US and other military forces to securely complete sensitive intelligence, surveillance and reconnaissance (ISR) missions
The first Short Take-Off/Vertical Landing version of the F-35, or F-35B, assembled outside the United States rolled out of the Final Assembly and Check Out (FACO) facility in Italy. The rollout exhibits the ongoing strong partnership between the Italian Ministry of Defense, industry partner
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