tiprankstipranks
Trending News
More News >

Lockheed Martin awarded $172.1M Navy contract modification

Lockheed Martin was awarded a $172.1M modification to a cost-plus-fixed-fee, firm-fixed-price order against a previously issued basic ordering agreement. This modification definitizes the order and adds scope to provide special test/tooling equipment for increasing Block 4 manufacturing capacity, as well as procures material modification kits in support of removing life limits, correcting deficiencies, and retrofitting aircraft to incorporate Next Gen Distributed Aperture System hardware and associated Power and Thermal Management System modifications efforts. These modifications are in support of F-35 aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense, or DOD, participants. Work was expected to be completed in December 2030 The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on LMT:

Disclaimer & DisclosureReport an Issue