LMT - Lockheed Martin secures $632M Naval Air Systems contract

Lockheed Martin (NYSE:LMT) is awarded a $632.13M cost-plus-incentive-fee contract that provides engineering, maintenance, logistics and material support to continue to develop, sustain and produce software builds, as well as carryout developmental flight tests in support of the F-35 Lightning II aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales customer, and non-U.S. Department of Defense participants’ funds. This contract also provides unique sea trials on aircraft carriers for the government of the United Kingdom.  Work is expected to be completed in March 2024.  The Naval Air Systems Command is the contracting activity. Previously (May 13): Lockheed Martin bags $398M contract for Naval Air Systems

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Lockheed Martin secures $632M Naval Air Systems contract