Lockheed Martin was awarded a not-to-exceed $245.75M undefinitized cost-plus-fixed-fee order towards a beforehand issued primary ordering settlement. This order gives program administration help, non-recurring engineering, F-35B/C laser shock peening, depot web site help, contractor area and regional depot modification installations in help of retrofit and modification efforts for the F-35 plane for the U.S. Air Pressure, U.S. Marine Corps, U.S. Navy, Overseas Army Gross sales, or FMS, clients, and non-U.S. Division of Protection, or DOD, companions. Work is anticipated to be accomplished in December 2023. FY23 plane procurement funds within the quantity of $17.21M; FY23 plane procurement funds within the quantity of $15.68M; FMS buyer funds within the quantity of $15.61M and non-U.S. DOD participant funds within the quantity of $22.1M shall be obligated on the time of award, none of which can expire on the finish of the present fiscal 12 months. The Naval Air Techniques Command is the contracting exercise.
Printed first on TheFly
See right now’s best-performing shares on TipRanks >>
Learn Extra on LMT:
Supply hyperlink
