LMT - Lockheed Martin bags $372M Naval Air Systems contract

Lockheed Martin Aeronautics (NYSE:LMT) is awarded a $372.46M undefinitized firm-fixed-price modification (P00003) to an order (N0001921F0398) against a previously issued basic ordering agreement (N0001919G0008). This modification adds scope to procure F-35 Lightning II Lots 15-16 ancillary mission equipment requirements for the Air Force, Navy, and Marine Corps. Additionally, this modification adds scope to procure F-35 Lightning II initial spares for the Air Force, Navy, and Marine Corps, Foreign Military Sales customers, and non-U.S Department of Defense participants. Work will be performed in Fort Worth, Texas, and is expected to be completed in December 2024. The Naval Air Systems Command is the contracting activity.

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Lockheed Martin bags $372M Naval Air Systems contract