Lockheed Martin awarded $743m contract for F-35 Lightening II Joint Strike Fighters

20161018: Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $743,169,377 fixed-price-incentive, firm target and cost-plus-fixed-fee modification to the previously awarded low-rate initial production Lot 9 F-35 Lightening II Joint Strike Fighter advance acquisition contract (N00019-14-C-0002).  This modification provides additional funding and will establish not-to-exceed (NTE) prices for diminishing manufacturing and material shortages redesign and development, estimated post production concurrency changes and country unique requirements.  In addition, this modification will establish NTE prices for one F-35A aircraft and one F-35B aircraft for a non-U.S. Department of Defense (DoD) participant in the F-35 program.  Work will be performed in Fort Worth, Texas (30 percent); El Segundo, California (25 percent); Warton, United Kingdom (20 percent); Orlando, Florida (10 percent); Nashua, New Hampshire (5 percent); Nagoya, Japan (5 percent); and Baltimore, Maryland (5 percent), and is expected to be completed in December 2019.  Fiscal 2015 aircraft procurement (Air Force, Marine Corps, and Navy); and non-U.S. DoD participant and foreign military sales funds in the amount of $506,092,785 are being obligated on this award; $270,676,332 of which will expire at the end of the current fiscal year.  This modification combines purchases for the Air Force $207,389,821 (27.9 percent), Navy $85,533,666 (11.5 percent), and Marine Corps $91,923,008 (12.4 percent), non-U.S. DoD participants $332,940,791 (44.8 percent); and Foreign Military Sales $25,382,091 (3.4 percent).  The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

 

  • Sources:
    • Article: http://www.defense.gov/News/Contracts/Contract-View/Article/976507
    • Images: https://upload.wikimedia.org/wikipedia/en/thumb/9/95/Lockheed_Martin.svg/1280px-Lockheed_Martin.svg.png

 

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