Tuesday, August 4, 2020

Lockheed Martin wins $7.19 bln U.S. contract for 90 F-35 Lightning II jets

Recommended

U.S. Marine Corps 4th Tanks Battalion deactivates after 77 years

Dozens of Marines gathered to pay homage with their families and say goodbye to 4th Tanks Battalion as they officially completed their sundown after...

Lockheed Martin awarded $34M contract for Korea’s F-16 life extension

Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has been awarded a $34 million modification to contract for the Republic of Korea's F-16 aircraft life...

Boeing will support upgrades to Japan’s F-15J fleet

U.S. aerospace giant Boeing has reported that it signed a Direct Commercial Sale agreement with Mitsubishi Heavy Industries (MHI) to support upgrades to Japan’s...

Swiss Army to receive Indago 3 small drones from Lockheed Martin

Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has announced that the Swiss Army chooses Indago 3 small unmanned aircraft systems (UAS) for tactical reconnaissance...

General Dynamics ekes out $625 million profit in the second quarter

General Dynamics, one of the largest U.S. defense contractors, reported its second-quarter results. Net earnings of $625 million on revenue of $9.3 billion. The details...

Lockheed Martin Corp (LMT.N) unit Lockheed Martin Aeronautics Co is being awarded a $7.19 billion contract for 90 F-35 Lightning II jets, the Pentagon said on Wednesday.

The contract is a modification to a previously awarded low-rate initial production contract, the Pentagon said in a statement.

This order includes 76 F-35A aircraft for the U.S. Air Force, Non-U.S. Department of Defense (DoD) participants and foreign military sales customers; 12 F-35B aircraft for the U.S. Marine Corps and non-U.S. DoD Participants and two F-35C aircraft for the U.S. Navy.


- ADVERTISEMENT - CONTINUE READING BELOW -

“Once a final agreement on LRIP 10 is reached, the balance of the funding is provided. We appreciate the actions taken by the JPO to ensure delivery of F-35s,” a spokesman for Lockheed Martin Aeronautics said.

The F-35 is the Pentagon’s costliest arms program. The U.S. Defense Department expects to spend $391 billion to develop the plane and buy 2,443 of the supersonic, stealthy new warplanes, in the coming decades.

Lockheed, and its main partners including Northrop Grumman, Pratt & Whitney and BAE Systems, have been developing and building F-35s for the U.S. military and 10 allies.

fortune.com

If you wish to report grammatical or factual errors within our news articles, you can let us know by using the online feedback form.

Executive Editor

Recommended

U.S. Marine Corps 4th Tanks Battalion deactivates after 77 years

Dozens of Marines gathered to pay homage with their families and say goodbye to 4th Tanks Battalion as they officially completed their sundown after...

Lockheed Martin awarded $34M contract for Korea’s F-16 life extension

Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has been awarded a $34 million modification to contract for the Republic of Korea's F-16 aircraft life...

Boeing will support upgrades to Japan’s F-15J fleet

U.S. aerospace giant Boeing has reported that it signed a Direct Commercial Sale agreement with Mitsubishi Heavy Industries (MHI) to support upgrades to Japan’s...

Swiss Army to receive Indago 3 small drones from Lockheed Martin

Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has announced that the Swiss Army chooses Indago 3 small unmanned aircraft systems (UAS) for tactical reconnaissance...

General Dynamics ekes out $625 million profit in the second quarter

General Dynamics, one of the largest U.S. defense contractors, reported its second-quarter results. Net earnings of $625 million on revenue of $9.3 billion. The details...

TRENDING NOW

Related News

Russian T-72 tank catches fire during exercise

A T-72 main battle tank belonging to 205th Separate Motorized Rifle Brigade caught fire during large-scale tactical drills running in Russia’s south. A video of...

Boeing will support upgrades to Japan’s F-15J fleet

U.S. aerospace giant Boeing has reported that it signed a Direct Commercial Sale agreement with Mitsubishi Heavy Industries (MHI) to support upgrades to Japan’s...

Lockheed Martin awarded $34M contract for Korea’s F-16 life extension

Pentagon’s No.1 weapons supplier Lockheed Martin Corp. has been awarded a $34 million modification to contract for the Republic of Korea's F-16 aircraft life...

U.S. Army Special Operations awards contract to Boeing for nine MH-47G helicopters

The U.S. Department of Defense and Boeing announced on Friday an agreement worth about $265 million for nine more MH-47G Block II Chinook helicopters...