Lockheed (LMT) Wins $870M Deal to Modify F-35 Aircraft

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Mon, March 7, 2022, 10:06 PM
Lockheed Martin Corp.’s LMT business unit, Aeronautics, recently secured a modification contract involving the F-35A, F-35B and F-35C aircraft. The deal has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of the Deal Valued at $869.9 million, the contract is expected to be completed by December 2026.
Per the terms of the deal, Lockheed will integrate mission and weapon systems capability development, including flight-test hardware, through system functional review to complete development tests on the F-35 aircraft.The majority of the work related to this deal will be executed in Fort Worth, TX.
Benefits of the Deal :
Supported by an international team of leading aerospace majors, F-35 enjoys a strong global presence, with the program having eight international partners, including Italy, Australia, Norway, Denmark and Canada. The company now has eight foreign military sales customers that are procuring and operating the F-35 — Israel, Japan, South Korea, Poland, Belgium, Singapore, Switzerland and Finland. This reflects on the huge demand that this jet program enjoys worldwide.
https://www.yahoo.com/finance/news/lockheed-lmt-wins-870m-deal-150603108.html
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