LMT - Lockheed Martin nabs $265.59M modification contract for Naval Air Systems

• Lockheed Martin ( NYSE: LMT ) Aeronautics is awarded a $265.59M modification (P00023) cost-plus-fixed-fee, firm-fixed-price order (N0001920F0571) against a previously issued basic ordering agreement (N0001919G0008).
• This modification exercises options and adds scope to increase Block 4 manufacturing capacity and procure material modification kits and special test/tooling equipment that remove life limits, correct deficiencies, and retrofit aircraft with Technical Refresh 3.
• These retrofit and modification efforts on F-35 aircraft will be across the U.S. Air Force, U.S. Marine Corps, U.S. Navy, non-U.S. Department of Defense participants and Foreign Military Sales customers.
• Work will be performed in Fort Worth, Texas and is expected to be completed in September 2028.
• The Naval Air Systems Command is the contracting activity.

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