Lockheed Martin Just Landed A Bunch of New Contracts

The Pentagon announced on Friday that Lockheed Martin is being awarded a $1.38 billion defense contract for 130 F-35 Lightning II aircraft.

The Pentagon released a statement that said the advance acquisition contract covers long-lead time materials, parts, components and work for low-rate initial production of the fighter jets for the Air Force, Navy, Marine Corps, non-U.S. Department of Defense participants and foreign military sales customers.

Just days earlier it was also announced that Lockheed scored a $423 million U.S. defense contract for cost-plus-fixed-fee modification to a previously awarded low-rate initial production Lot 10 F-35 Lightning II aircraft.

In March the American global aerospace, defense, security and advanced technologies company was also awarded a $1.6 billion order-dependent contract for the Counter Fire Target Acquisition Radar System.

The company announced that it has contracted Guardtime Federal as a key supplier to integrate a variety of cyber-related elements into systems engineering processes, supply chain risk management and software development efforts.

Disclaimer: We have no position in Lockheed Martin Corporation (NYSE: LMT) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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