Lockheed Martin Receives $2.43 Billion Defense Department Award
August 23 2019 - 8:08PM
Dow Jones News
By Dave Sebastian
Lockheed Martin Corp. (LMT) and its unit Lockheed Martin
Aeronautics Co. on Friday received an award of about $2.43 billion
for its F-35 Lightning II Joint Strike Fighter initial spares, the
Defense Department said.
The spares would be for use by the U.S. Marine Corps, Navy Air
Force, non-Defense Department participants and foreign military
sales customers, according to the department.
Among the spares to be procured are packages of global spares,
base spares, deployment spares and afloat spares. The spares will
be for use at the Naval Air Systems Command in Patuxent River, Md.,
the department said. It will place the orders by December 2020 and
will pay the company on individual delivery orders.
The work associated with the contract will mostly be performed
in Fort Worth, Texas, El Segundo, Calif., and Owego, N.Y., the
department said. Some of the work will also be done in the U.K. and
the Netherlands.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
August 23, 2019 19:53 ET (23:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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