Contract: Lockheed Martin, $485M

Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $485,000,000 not-to-exceed cost-plus-fixed-fee undefinitized modification to a previously awarded advance acquisition contract. A total of $131,500,000 is being obligated at time of award. This modification provides the F-35 Low Rate Initial Production Lot V production non-recurring requirements inclusive of special tooling/special test equipment and subcontractor technical assistance for the Air Force, Navy, and the Cooperative Partner participants. Work will be performed in Texas, California, United Kingdom, Italy, New Hampshire and Maryland. Work is expected to be completed in December 2013. This contract combines purchases for the Air Force (38.5 percent), the Navy (38.5 percent) and the Cooperative Partner participants (23 percent). The Naval Air Systems Command, Patuxent River, Md., is the contracting activity. (Source: DoD, 12/27/11)