The F-35 program remained the largest revenue generator for the Aeronautics business unit. The company’s constant efforts to modernize and upgrade the aircraft using advanced technologies to meet current warfare needs boost demand significantly. The stealth aircraft boasts features that make it an ideal choice for many nations. Lockheed enjoys a dominant position in the global military aircraft space with its F-35 fleet. Air Force, Marine Corps, Navy, Foreign Military Sales customers and non-Department of Defense participants. The jet manufacturer will also render associated administrative support including fleet management, support equipment, pilot flight equipment, post ejection survival training material, program management and earned value management for the F-35 program.Ī major portion of the work related to this deal will be executed in El Segundo, CA. Per the terms of the deal, Lockheed will provide non-recurring site activation and initial sustainment to support F-35 Joint Strike Fighter program. Valued at $841.5 million, the contract is expected to be completed by December 2029. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. LMT clinched a modification contract involving its F-35 fighter jet program.
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