News just in ... Sat, July 17, 2021, 12:58 AMLockheed Martin...

News just in ... Sat, July 17, 2021, 12:58 AM
Lockheed Martin Corp’s. LMT business unit, Aeronautics, recently secured a modification contract for supporting integration of Foreign Military Sales (FMS) customers into the F-35 Lightning II Joint Strike Fighter program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Valued at $23 million, the contract is expected to be completed in March 2025.
The services to be provided by the Aeronautics unit will include country-specific production support, modifications, logistics and sustainment services involving F-35 jets. Majority of the work related to the deal will be carried out in Fort Worth, TX, and Nagoya, Japan.
Rise in Demand Aids F-35 Program
The rise in global terrorism and adverse geopolitical situations have increased the need for enhancing the nation's defense budget, a major portion of which is allocated to combat aircraft. To this end, it is imperative to mention that the F-35 program is supported by an international team of leading aerospace majors, including Northrop Grumman NOC, BAE Systems BAESY and Pratt & Whitney, a unit of Raytheon Technologies RTX. Northrop Grumman renders its expertise in carrier aircraft and low-observable stealth technology to this program. BAE Systems’ short takeoff and vertical landing experience, and air systems sustainment support the jet’s combat capabilities, whereas Pratt & Whitney offers its combat-proven engine to this jet.
Such features have enabled the F-35 jet to dominate the combat aircraft market, buoyed by solid demand, as is evident from the frequent contract wins involving the F-35 program and its associated upgrades, both from Pentagon and other U.S. allies. The latest contract win is a bright example of that.
Growth Prospects of F-35 Program The F-35 program’s importance across the globe is widespread, with the program having eight international program partners, namely the United States, the United Kingdom, Italy, the Netherlands, Australia, Norway, Denmark and Canada. Additionally, it has six Foreign Military Sales customers that are procuring and operating the F-35 — Israel, Japan, South Korea, Poland, Belgium and Singapore. This demonstrates the huge demand this jet program enjoys worldwide.
As of Mar 28, 2021, Lockheed Martin delivered 628 F-35 airplanes since the program's inception with 339 jets still in the backlog. https://www.yahoo.com/finance/news/lockheed-martin-lmt-wins-23m-175805746.html
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Go QHL ! ready for takeoff ...... !!