Lockheed Martin gets $559 million for Lot 10 F-35s

WASHINGTON, July 8 (UPI) -- Lockheed Martin has received a $559 million U.S. Navy contract for low rate initial production of Lot 10 F-35 Lightning II fighters.

The cost-plus-incentive-fee, fixed-priced-incentive-firm contract covers Joint Strike Fighter non-air vehicle spares, support equipment, autonomic logistics information system hardware and software upgrades, supply chain management, full mission simulators and non-recurring engineering services.

It covers work for the U.S. Air Force, Navy, partner nations and foreign military sales customers.

Work will be performed in Florida, California, Texas and the U.K., with an expected completion date of July 2022.

The Naval Air Systems Command is the contracting activity.

Pratt & Whitney received a contract worth $1.5 billion for low rate initial production of 99 Lot 10 F135 engines.