Pentagon and Lockheed Martin Agree to $1.28B F-35 Contract

Pentagon and Lockheed Martin Agree to $1.28B F-35 Contract

Continue to Improve Readiness and Support the Warfighter

FORT WORTH, TX (STL.News) The F-35 Joint Program Office awarded the Lockheed Martin (NYSE: LMT) industry team a $1.28 billion Undefinitized Contract Action (UCA) to support operations and sustainment of the global F-35 fleet through June 30, 2021.

“This contract ensures F-35s remain ready to fly and accomplish the warfighter’s mission,” said Bill Brotherton, Lockheed Martin F-35 program acting vice president and general manager.  “We continue to see improvements in readiness and cost, and as the fleet grows, so does the opportunity for the joint government and industry team to collaborate, realizing even more long-term benefits.”

The UCA provides initial critical sustainment activities for a worldwide fleet while negotiations continue on a long-term contract to build enterprise capacity and affordability to support the future fleet of more than 3,000 F-35 aircraft. 

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