Lockheed awarded $735.7M for F-35 production support

The Pentagon announced a modification to a Lockheed Martin contract for materials and support for production of the F-35 Lightning II.

The contract, from Naval Air Systems Command and announced on Friday, is valued at more than $735.7 million and enables Lockheed Martin to provide "long-lead time materials, parts, components, and effort," for F-35 programs within the U.S. Air Force, Navy and Marine Corps, the Pentagon said.

The contract provides an additional $660.9 million in "economic order quantity funding," for "hardware qualification testing," on the F-35 program.

Work will occur in multiple locations in the United States, as well as Japan and the United Kingdom. The period of performance will expire in December 2019.

The total cumulative value of the contract will be obligated to Boeing at time of award -- funds will be allocated from multiple fiscal 2018 aircraft procurement accounts.

None of the obligated funds will expire at the end of the current fiscal year, the Pentagon said.

Related Links
Aerospace News at SpaceMart.com

Tweet

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only

SpaceDaily Contributor
$5 Billed Once

credit card or paypal

US grounds B-1 bombers over safety concerns
Washington (AFP) June 8, 2018
The US Air Force has temporarily grounded its entire fleet of B-1 heavy bombers over safety concerns, officials said Friday. The safety stand-down, ordered Thursday, follows an investigation into an emergency landing made at Midland, Texas on May 1. Four crewmembers had to land their bomber after some sort of "inflight emergency," officials said. No one was harmed. During the investigation into that incident, "an issue with ejection seat components was discovered that necessitated the stan ... read more