LMT - Lockheed Martin wins $372.46M Navy contract modification

Lockheed Martin (NYSE:LMT) has secured a $372.46M Navy contract modification. This undefinitized firm-fixed-price modification adds scope to procure F-35 Lightning II Lots 15-16 ancillary mission equipment requirements for the Air Force, Navy, and Marine Corps. It also adds scope to procure F-35 Lightning II initial spares for the Air Force, Navy, and Marine Corps, Foreign Military Sales customers, and non-U.S Department of Defense participants. Work will be performed in Fort Worth, Texas and is expected to complete in Dec. 2024.

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Lockheed Martin wins $372.46M Navy contract modification