Lockheed Martin was awarded a $7.84B fixed-price incentive, firm-fixed-price, cost-plus-fixed-fee modification to a beforehand awarded contract. This modification provides scope to acquire 127 F-35 Lot 16 plane, to incorporate 89 F-35A plane, 23 F-35B plane, and 15 F-35C, in addition to definitizes a modification in help of F-35 Lot 15 plane procurements and related auxiliary gear in help of the Joint Strike Fighter program for the Air Drive, Navy, Marine Corps, non-U.S. Division of Protection, or DOD, members, and International Navy Gross sales, or FMS, prospects. Work is predicted to be accomplished in August 2026. FY22 plane procurement funds within the quantity of $2.41B; fiscal 2022 plane procurement within the quantity of $2.23B can be obligated at time of award, none of which is able to expire on the finish of the present fiscal yr. The Naval is the contracting exercise.
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