Lockheed Martin awarded $3.37B Navy contract modification

Lockheed Martin (LMT) was awarded a $3.37B undefinitized modification to a previously awarded, cost-plus-fixed-fee, cost-plus-incentive-fee, fixed-price-incentive-fee, and firm-fixed-price contract. This modification adds scope to provide continued logistics support to include ground maintenance activities, action request solution, depot activities, automatic logistics information system operations and maintenance, reliability and maintainability, supply chain management, pilot training, maintainer training, and training system sustainment in support of delivered F-35 Lightning II Joint Strike Fighter Air Systems for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-Department of Defense program partners. Work is expected to be completed in December 2025. FY25 operation and maintenance funds in the amount of $355.51M; FY25 operation and maintenance funds in the amount of $116.59M; FY25 operation and maintenance funds in the amount of $63.95M; FMS customer funds in the amount of $125.72M and non-DOD program participant funds in the amount of $231.84M will be obligated at time of award, $536.04M of which will expire at the end of the current fiscal year. The contract being modified was not competed. Naval Air Systems Command is the contracting activity.