tiprankstipranks
Lockheed Martin awarded $1.44B Navy contract
The Fly

Lockheed Martin awarded $1.44B Navy contract

Lockheed Martin was awarded a cost-plus-incentive-fee, cost-plus-fixed-fee not-to-exceed $1.44B undefinitized contract. This contract provides for the continued development of critical F-35 warfighting capabilities, to include Electronic Warfare Band 2/5 Radar Warning Receiver, Modernized Countermeasure Controller, Multi-ship Infrared Search and Track Increment 2, and Beyond Line of Sight communications, as well as supports required training and combat data systems development for Lots 16 and 17 production aircraft for the Air Force, Navy, Marine Corps, Foreign Military Sales, or FMS, customers, and non-Department of Defense, or DOD, participants. Work is expected to be completed in March 2028. The Naval Air Systems Command is the contracting activity.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on LMT:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles