Lockheed Martin awarded $7.2B contract modification for F-35
Lockheed Martin is being awarded a $7.189B undefinitized not-to-exceed modification to the previously awarded low-rate initial production Lot 10 F-35 Lightning II advance acquisition contract. This modification provides for the procurement of 90 aircraft, comprised of 76 F-35A aircraft for the Air Force, non-U.S. Department of Defense participants, and Foreign Military Sales customers; 12 F-35B aircraft for the Marine Corps, and non-U.S. DoD participants; and two F-35C aircraft for the Navy. In addition, this modification provides for diminishing manufacturing and material shortages redesign and management; non-recurring engineering, changes to correct deficiencies resulting from concurrency between systems development and demonstration and production; and unique requirements for non-U.S. participants and FMS customers. Work is expected to be completed in March 2020. Fiscal 2016 aircraft procurement and non-U.S. DoD participant and FMS funding in the amount of $1.28B are being obligated on this award, none of which will expire at the end of the current fiscal year.