By Michael Dabaie

 

Lockheed Martin Corp. said Wednesday that it agreed with the Pentagon on a $1.28 billion undefinitized contract action for its industry team to support operations and sustainment of the F-35 fleet through June 30.

The UCA provides initial sustainment activities for a worldwide fleet while negotiations continue on a long-term contract to support the future fleet of more than 3,000 F-35 aircraft.

Lockheed Martin and industry teammates BAE Systems PLC and Northrop Grumman Corp. provide sustainment support for over 600 aircraft in areas such as training, base operations, repairs, global supply, and sustainment support to F-35 customers.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

January 06, 2021 10:40 ET (15:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Lockheed Martin Charts.
Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Lockheed Martin Charts.