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Lockheed Martin Lands $178M Navy Contract Modification for F-35 Parts

Lockheed Martin logo. Lockheed Martin has secured a contract modification for F-35 aircraft materials, parts and components.
Lockheed Martin

Lockheed Martin‘s aeronautics division has secured a $178.4 million modification to an existing undefinitized, advanced acquisition contract for the procurement of economic order quantity materials, parts and components for multiple F-35 aircraft production lots.

What Is the Scope of Lockheed Martin’s F-35 Production Contract?

The Department of War said Friday the modification to the fixed-price incentive contract covers four Lot 20 aircraft, 22 Lot 21 aircraft and 22 Lot 22 aircraft for F-35 cooperative program partners and foreign military sales customers. Lockheed Martin is expected to complete the contract by December 2030.

The Lockheed Martin division will conduct 59 percent of the work at its facility in Fort Worth, Texas. The remaining work will be performed at multiple U.S. and international locations, including El Segundo, California; Orlando, Florida; Nashua, New Hampshire; Baltimore, Maryland; San Diego, California; Warton, U.K.; and Cameri, Italy.

Naval Air Systems Command, which oversees the effort, will allocate $36.4 million from FMS customer funds and $142 million from cooperative program partners upon awarding the contract.

What Are Lockheed’s Prior F-35 Contracts?

Lockheed has partnered with the Navy on multiple contracts to supply long-lead materials, parts, components and related support services for F-35 aircraft production. In November 2024, the company secured the initial $869.9 million award deal for Lot 20 production. It later received a potential $238 million modification in March, a $180 million deal in April and two contracts valued at $165 million in July.

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Written by Miles Jamison

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