Lockheed Martin was awarded a $2.22B cost-plus-fixed-fee, cost-plus-incentive-fee, firm-fixed-price, and fixed-price incentive, cost reimbursable modification to a previously awarded contract. This modification exercises an option to provide 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 (FMS) customers, and non-Department of Defense (DOD) participants. Work is expected to be completed in December 2023. 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:
- Lockheed Martin initiated with a Buy at Citi
- Lockheed Martin’s (NYSE:LMT) Giant Backlog Can Keep Growing. Here’s Why
- Lockheed Martin and Sintavia team to advance metal additive manufacturing
- Textron’s FLRAA win should be ‘positively received,’ says Morgan Stanley
- Textron Surges As it Bags U.S. Army Contract Worth $1.3 Billion