LMT - Lockheed Martin bags $120.27M Navy contract modification

2023-03-30 02:03:19 ET

• Lockheed Martin ( NYSE: LMT ) was awarded a $120.27M cost-plus-incentive-fee modification to a previously awarded contract.
• The modification exercises an option to provide continued engineering, maintenance, logistics, and material support in support of the development, production, and sustainment of software builds, as well as to execute developmental flight tests in support of the F-35 Joint Strike Fighter aircraft for the Air Force, Marine Corps, Navy, and Foreign Military Sales and non-U.S. Department of Defense, or DOD, partners.
• Work is expected to be completed in March 2024.
• The Naval Air Systems Command is the contracting activity.

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