Lockheed Martin Awarded $22.7 Billion for 225 F-35 Aircraft

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  • 05:12 AM, November 15, 2018
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Lockheed Martin Awarded $22.7 Billion for 225 F-35 Aircraft
Lockheed Martin F-35

Lockheed Martin Aeronautics is being awarded a $22,712,874,822 contract modification to a previously awarded advanced acquisition contract for 255 F-35 jets, a US DoD announcement said.

This modification provides for the production and delivery of 106 F-35 aircraft for the U.S. services (64 F-35As Air Force; 26 F-35Bs Marine Corps; 16 F-35Cs Navy); 89 F-35s for non-Department of Defense (DoD) participants (71 F-35As, 18 F-35 Bs); and 60 F-35s for Foreign Military Sales customers (60 F-35As).

The U.S. aircraft quantities are for the Lot 12 program of record plus fiscal 2018/fiscal 2019 aircraft quantity congressional adds. Work will be performed in the United States and the United Kingdom and is expected to be completed in March 2023.

Fiscal 2018 and 2019 aircraft procurement funds (Air Force, Marine Corps and Navy) in the amount of $3,505,522,468 (59 percent); non-DoD participant funds in the amount of $1,578,531,164 (26 percent); and Foreign Military Sales funds in the amount of $916,667,000 (15 percent) for a total of $6,000,720,632 will be obligated at time of award, none of which will expire at the end of the current fiscal year.

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

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