F-35 contracts totaling $2.35B won by Lockheed
NewsJanuary 02, 2020
BETHESDA, Md. Lockheed Martin completed 2019 with $2.35 billion in five new contracts for the F-35 program. The award closely follows the company's announcement that it had delivered its 134th F-35 fighter plane, exceeding its goal of 131 for the year.
For $1.93 billion, the first and largest contract funds recurring logistics services for F-35 Air Systems in the Air Force, Marine Corps, Navy, and foreign military sales customers. A second contract, for $172.2 million, funds materials procurement for 28 lot 15 F-35 aircraft for the Navy and Marine Corps.
The third will provide $98.9 million for a previously issued ordering agreement for sensor systems for all variants of the F-35 aircraft for the Navy, Marine Corps, Air Force, and non-Department of Defense participants. The fourth is an $81.97 million modification to a previously awarded contract for software development.
Finally, a $68 million contract is intended for modification to identify and correct potential process issues for F-35 operation cards. This deal marks the lowest cost-per-plane for Lockheed in the F-35 program's history, and largest single procurement in Pentagon history, according to officials.
