Stock Markets May 26, 2026 05:21 PM

Lockheed Martin Secures $114.8 Million in U.S. Defense Orders for F-35 Parts and Rocket Systems

Firm-fixed brake assembly order and a rocket-system engineering modification bolster contract backlog with multi-year workstreams

By Sofia Navarro LMT

Lockheed Martin Corp. received two U.S. Department of Defense awards totaling approximately $114.8 million: a $100.5 million order for 1,459 F-35 brake assembly heat sinks and a $14.3 million modification for engineering services on the Multiple Launch Rocket System. Work is slated across sites in Indiana and Texas with funding originating from fiscal 2025 and 2026 defense appropriations and partner and Foreign Military Sales contributions.

Lockheed Martin Secures $114.8 Million in U.S. Defense Orders for F-35 Parts and Rocket Systems
LMT

Key Points

  • Lockheed Martin received two Department of Defense awards totaling approximately $114.8 million covering F-35 brake assembly heat sinks and MLRS engineering services.
  • The largest order is a $100.5 million firm-fixed-price award for 1,459 brake assembly heat sinks for F-35A and F-35B variants, with work to be performed in South Bend, Indiana and completion expected by March 2030.
  • A $14.3 million modification to a Grand Prairie, Texas contract for Multiple Launch Rocket System engineering increases the cumulative contract value to $230 million, with work estimated to finish by May 27, 2027.

Lockheed Martin Corp. reported two defense contract awards from the U.S. Department of Defense totaling roughly $114.8 million, covering components for the F-35 Lightning II fleet and engineering services tied to the Multiple Launch Rocket System.

In the larger award, Lockheed Martin Aeronautics Co., based in Fort Worth, Texas, received a $100.5 million firm-fixed-price order for 1,459 brake assembly heat sinks intended for F-35 aircraft. The order specifies 1,075 units for the F-35A conventional takeoff and landing variant and 384 units for the F-35B short takeoff and vertical landing variant. These parts will support depot-level brake repairs across the U.S. Air Force, Navy, Marine Corps, international F-35 program partners, and Foreign Military Sales customers.

The work on the brake assembly heat sinks will be carried out in South Bend, Indiana, with an expected completion date in March 2030. Funding for this order is drawn from multiple sources: fiscal 2026 aircraft procurement funds allocated to the Air Force amounting to $43.8 million, Navy aircraft procurement funds totaling $28.6 million, $10.9 million provided by Foreign Military Sales customers, and $17.2 million from F-35 program partners.

Separately, Lockheed Martin’s Grand Prairie, Texas, facility received a $14.3 million contract modification for engineering services supporting the Multiple Launch Rocket System and related support equipment. That modification increases the aggregate value of contract W31P4Q-24-C-0007 to $230 million.

Work associated with the rocket-system engineering modification will be performed in Grand Prairie, Texas, with an estimated completion date of May 27, 2027. The modification is financed with fiscal 2025 research, development, test and evaluation Army funds.


Context and near-term execution

Both awards designate specific sites for execution and identify the fiscal sources backing the work, detailing procurement and RDT&E funding lines and the involvement of program partners and Foreign Military Sales customers. The timeline for the brake assembly work extends to March 2030, while the rocket-system effort is scheduled to conclude in May 2027.

Risks

  • Work schedules extend multiple years - the brake assembly contract carries an expected completion date in March 2030 and the MLRS modification completes in May 2027 - exposing project timelines to potential execution or supply-chain risks that could affect delivery timing.
  • Funding for the awards is tied to specific fiscal-year appropriations and customer contributions (fiscal 2025 and 2026 funds, Foreign Military Sales and program partner funds) - changes in budgetary allocations or partner commitments could influence cash flow timing for the programs.
  • The contracts assign work to particular geographic sites (South Bend, Indiana; Grand Prairie, Texas), meaning regional operational risks or local facility constraints could affect performance at those locations.

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