Lockheed Martin (LMT) Wins Modification Contract for F-35 Jets

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Thu, October 7, 2021, 9:18 PM
Lockheed Martin Corporation’s LMT business unit, Aeronautics, recently clinched a modification contract involving the procurement of long lead parts for F-35 jets. The deal has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $49.9 million, the contract is expected to conclude by July 2024. The latest modification has been made to ensure that the F-35 developmental test aircraft maintains full mission capable status.The contract will serve the U.S. Navy, Marine Corps, Air Force, and non-U.S. Department of Defense participants.Work related to this deal will be executed in Fort Worth, TX.

The F-35 program enjoys a solid demand worldwide, as evidenced by its eight international program partners — the United States, the U.K., Italy, the Netherlands, Australia, Norway, Denmark and Canada. Additionally, it has six Foreign Military Sales customers that are procuring and operating the F-35, namely Israel, Japan, South Korea, Poland, Belgium and Singapore. This reflects the growing importance of this family of jets globally.In July 2021, the Swiss Federal Council announced that it has selected Lockheed Martin's F-35 Lightning II as its new fighter aircraft. With this selection, Switzerland became the 15th nation to join the F-35 program.
https://www.yahoo.com/finance/news/lockheed-martin-lmt-wins-modification-141802064.html