Lockheed Martin awarded $335.73M Navy contract modification

Lockheed Martin (LMT) was awarded a $335.73M modification to a cost-plus-fixed-fee order against a previously awarded basic ordering agreement. This modification establishes a not-to-exceed value and exercises options to provide program management, non-recurring engineering, aircraft induction, contractor field, depot site, and laser shock peening site support as well as procures associated material modification kits and special test/tooling equipment in support of calendar year 2025 modification and retrofit activities for the F-35 Joint Strike Fighter program for the Air Force, Marine Corps, Navy, non-Department of Defense F-35 program partners, and Foreign Military Sales customers. Work is expected to be completed in December 2025. FY25 aircraft procurement funds in the amount of $45.44M; FY25 aircraft procurement funds in the amount of $44.7M; non-DOD program partner funds in the amount of $56.98M and FMS customer funds in the amount of $41.41M will be obligated at the time of award, none of will expire at the end of the current fiscal year. The order and contract being modified were not competed. Naval Air Systems Command is the contracting activity.