Monday, March 12, 2012

Contract: Lockheed Martin, $56.3M

Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $56,329,396 cost reimbursement modification to previously awarded contract to provide additional funding for the sustainment effort necessary to meet the requirements and delivery schedule for the F-35 Low Rate Initial Production V. Sixty percent of the work will be done at Eglin Air Force Base, Fla., and 15 percent at Fort Worth, Texas. El Segundo, Calif.; Warton, United Kingdom; Orlando, Fla.; Nashua, N.H.; and Baltimore, Md., each will do 5 percent. Work is expected to be completed in May 2012. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity. (Source: DoD, 03/12/12)