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Lockheed Martin (NYSE:LMT) Wednesday was awarded a $220.7M modification to a cost-plus-fixed-fee, firm-fixed-price order towards a beforehand issued fundamental ordering settlement.
This modification workouts choices to help calendar 12 months 2024 modification and retrofit actions for the F-35 Joint Strike Fighter program to incorporate program administration, non-recurring engineering, plane induction, contractor subject, depot website, and laser shock peening website help.
Moreover, this modification provides scope for the procurement of fabric kits in addition to particular tooling and take a look at gear essential to help F-35 Joint Strike Fighter plane retrofit and modification efforts.
Work shall be carried out in Fort Value, Texas, and is predicted to be accomplished in January 2026.
Moreover, LMT was awarded one other $42.04M modification to a beforehand awarded fixed-price incentive (firm-target) contract which provides scope to obtain provides and help gear in help of F-35 depot element restore functionality activations, related to the communication, navigation, identification materials lay-in.
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