Lockheed Receives $2bn Contract Modification for F-35 Lightning II Lot III

Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $2,106,525,040 modification to definitize the previously awarded Joint Strike Fighter (JSF) air system low rate initial production Lot III advance acquisition contract (N00019-08-C-0028) to a cost-plus-incentive-fee/award-fee contract.

This modification provides for the procurement of 7 Air Force conventional take off and landing (CTOL), 7 Marine Corps short take-off and vertical landing (STOVL); 1 CTOL for the Netherlands, and 2 STOVLs for the United Kingdom. In addition, this modification provides for the associated ancillary mission equipment and technical/financial data.

Work will be performed in Fort Worth, Texas, (35 percent); El Segundo, Calif., (25 percent); Warton, United Kingdom, (20 percent); Orlando, Fla., (10 percent); Nashua, N.H., (5 percent); and Baltimore, Md., (5 percent), and is expected to be completed in Dec. 2011.

Contract funds will not expire at the end of the current fiscal year. This contract combines purchases for the U.S. Air Force ($857,116,227; 40.7 percent); the U.S. Marine Corps, ($877,797,887; 41.7 percent); and the Governments of the Netherlands, ($119,666,120; 5.7 percent) and United Kingdom, ($251,944,806; 11.9 percent).

The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.

FILE PHOTO - F-35 (AA-1) flies with open weapons bay doors
Source: Lockheed Martin

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