LMT - Lockheed Martin secures $210.09M government contract

2023-03-28 03:18:29 ET

• Lockheed Martin ( NYSE: LMT ) was awarded a $210.09M cost-plus-incentive-fee, fixed-price-incentive-fee, cost-reimbursable order against a previously-issued basic ordering agreement.
• The order provides logistics support, to include ground maintenance activities, depot activities, automatic logistics information system operations and maintenance, supply chain and warehouse management, pilot training and maintainer training in support of delivered F-35 Lightning II Joint Strike Fighter Air Systems for the government of the United Kingdom.
• Work will be performed in Marham, United Kingdom; Fort Worth, Texas; and Orlando, Florida and is expected to be completed in December 2027.
• Non-U.S. Department of Defense participant funds in the amount of $210,088,407 will be obligated at the time of award, none of which will expire at the end of the current fiscal year.
• The Naval Air Systems Command is the contracting activity.

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