Lockheed Martin Corp. (NYSE:LMT) has been granted a $153.9 million contract modification by the U.S. Department of War to acquire long-lead materials needed for production of the F-35 Lightning II, the Naval Air Systems Command announced.
The modification increases the scope of an existing fixed-price incentive contract that supports the manufacture of 11 F-35 aircraft for a Foreign Military Sales customer. Work under the contract modification will be performed by Lockheed Martin Aeronautics Co., based in Fort Worth, Texas, under contract number N0001925C0070.
Execution of the expanded work will be distributed among multiple sites. Fort Worth will account for the largest share of the effort at 59 percent. El Segundo, California, is slated to account for 14 percent of the work, while Warton in the United Kingdom is expected to perform 9 percent. Additional tasks will be handled in Cameri, Italy; Orlando, Florida; Nashua, New Hampshire; Baltimore, Maryland; and San Diego, California. The announcement also noted that some portion of the work will occur at various locations outside the continental United States.
The contract modification carries an expected completion date of December 2030. Funding for the action will come from Foreign Military Sales sources, with $153.9 million in FMS funding to be obligated at the time the award is made. The Naval Air Systems Command, located in Patuxent River, Maryland, is identified as the contracting activity overseeing this action.
According to the announcement, the contract action was not competed.
Context and implications
- The modification specifically covers procurement of long-lead materials, indicating early-stage supply commitments necessary to maintain production schedules for the 11-aircraft lot.
- The geographic distribution of work highlights Lockheed Martin Aeronautics' multi-site production footprint, with the majority of effort centered in Fort Worth.
- Funding is provided through a Foreign Military Sales mechanism and will be obligated at award.
Contract details
- Contract number: N0001925C0070.
- Contract type: fixed-price incentive (previously awarded; now modified).
- Estimated completion: December 2030.
- Contracting activity: Naval Air Systems Command, Patuxent River, Maryland.