LMT - Lockheed Martin secures ~$225M Navy contract

• Lockheed Martin Aeronautics ( NYSE: LMT ) is awarded a not-to-exceed $224.88M undefinitized modification (P00014) to a previously awarded, fixed-price incentive (firm-target), advanced acquisition contract (N0001920C0009).
• This modification increases the ceiling to procure long lead-time materials, parts, components, and effort for the production of three Lot 15 F-35A aircraft and nine Lot 16 F-35 aircraft for the government of the Netherlands.
• Work is expected to be completed in May 2026.
• The Naval Air Systems Command is the contracting activity.

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