LMT - Lockheed Martin secures $122.71M Navy contract modification

2023-07-07 01:42:03 ET

• Lockheed Martin ( NYSE: LMT ) has secured a $122.71 million cost-plus-fixed-fee modification to a previously awarded contract.

• The modification defines important technical refresh tasks to support the establishment of training sites, schedules, support capabilities, and overall system sustainability for F-35 Joint Strike Fighter (JSF) pilots and maintainers.

• For the Air Force, Marine Corps, Navy, customers of Foreign Military Sales (FMS), and non-U.S. Department of Defense (DOD) participants, this modification expands the scope to provide non-recurring engineering and essential materials to replace end-of-life components in fielded F-35 JSF pilot and maintainer training devices.

• Work is expected to be completed in December 2025.

• The Naval Air Systems Command is the contracting activity .

For further details see: