Lockheed Martin Gets $871M Navy Contract for Work on Jet Sites
Dow Jones
1 hour ago
Lockheed Martin received an $871.2 million contract from the Navy to fund continued work on sites for fighter jets.
The amount is an add-on to a previous contract to provide additional capacity for support equipment under the F-35 Lightning II site activation and hardware non-recurring sustainment effort.
The contract provides initial sustainment supplies and services in support of establishing and activating land-based and at-sea operation sites for F-35 jets.
The sites are for the Air Force, Marine Corps, Navy and foreign military sales customers.
About 90% of the work will be done in El Segundo, Calif., with the other 10% happening in Fort Worth, Texas. It is expected to be completed in February 2031.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.