In contrast to a fundamental ordering agreement that had already been awarded, Lockheed Martin (LMT) was given a $678.44 million amendment to a cost-plus-fixed-fee, firm-fixed-price order.
In order to support the F-35 Joint Assault Fighter aircraft conversion and modification initiatives for the Air Force, Marine Corps, Navy, and non-U.S., this amendment expands the scope for acquiring different material modification kits, specialized test/tooling equipment, and related seed assets.
Read Also: Lockheed martin wins $3.4 billion U.S Navy Contract Modification: What to Expect?
Foreign Military Sales clients and partners in the Department of Defense's F-35 program. It is anticipated that the work will be finished by December 2028. Funds for the purchase of aircraft in FY24 totaling $163.79 million; FY24 aircraft procurement funds totaling $163.08 million; FY23 aircraft procurement funds totaling $22.59 million; or $20.81 million; non-U.S.
What Is The Navy Contract Modification For Lockheed Martin?
The $281.33 million in DOD participant funds and the $26.84 million in FMS monies will be committed at the time of award; none of them will expire at the conclusion of the current fiscal year. The contract that was being changed and the order were not competitive. The procurement activity is the Naval Air Systems Command.
Future-Proof Florida Facility
In Titusville, Florida, Lockheed Martin is starting construction on a facility that will house around 225,000 square feet and be used to manufacture parts for the D5LE2 submarine-launched ballistic missile. In addition to increasing Lockheed Martin's footprint on Florida's Space Coast, the new facility is anticipated to create about 300 new, highly skilled employment.
Related Article: Why Do Navy Dress Blue Pants Have 13 Buttons?
Florida continues to put money in our aviation and aviation, and military and defense companies bring high-skilled, high-wage jobs to the state under Governor Ron DeSantis' leadership," stated Florida Secretary of Commerce J. Alex Kelly.
This kind of strategic investment keeps Florida's workforce growing, creating 300 new jobs and boosting local economies. In order to fulfill the Navy's manufacturing requirements and sustain the service for the ensuing 60 years, the plant is expected to be operational in 2027.
Concerning Lockheed Martin
Global defense technology leader Lockheed Martin promotes scientific advancement and innovation. In order to guarantee that the people we serve are always prepared, our all-domain mission capabilities and 21st Century Security vision expedite the delivery of revolutionary technology.
Progressing with Deterrence
The most sophisticated ballistic missile in the world, the D5 missile was developed and modified by Lockheed Martin for the Navy and is presently deployed on American OHIO-class and British VANGUARD-class submarines.
Through its Fleet Ballistic Missiles (FBM) program, Lockheed Martin will commemorate 70 years of helping the Navy build and maintain the missiles that form the foundation of the country's sea-based deterrence.
Read Also: Does The Princess Wear Holland Cooper For Royal Navy Air Station Visit?
With an emphasis on innovation through cutting-edge digital technology, state-of-the-art facilities, and an excellence-driven culture, Lockheed Martin's FBM program is essential to maintaining American and allied security.
Read Also : What is a financial examiner's job satisfaction rating?
Kari Pettersen
In contrast to a fundamental ordering agreement that had already been awarded, Lockheed Martin (LMT) was given a $678.44 million amendment to a cost-plus-fixed-fee, firm-fixed-price order.
In order to support the F-35 Joint Assault Fighter aircraft conversion and modification initiatives for the Air Force, Marine Corps, Navy, and non-U.S., this amendment expands the scope for acquiring different material modification kits, specialized test/tooling equipment, and related seed assets.
Read Also: Lockheed martin wins $3.4 billion U.S Navy Contract Modification: What to Expect?
Foreign Military Sales clients and partners in the Department of Defense's F-35 program. It is anticipated that the work will be finished by December 2028. Funds for the purchase of aircraft in FY24 totaling $163.79 million; FY24 aircraft procurement funds totaling $163.08 million; FY23 aircraft procurement funds totaling $22.59 million; or $20.81 million; non-U.S.
What Is The Navy Contract Modification For Lockheed Martin?
The $281.33 million in DOD participant funds and the $26.84 million in FMS monies will be committed at the time of award; none of them will expire at the conclusion of the current fiscal year. The contract that was being changed and the order were not competitive. The procurement activity is the Naval Air Systems Command.
Future-Proof Florida Facility
In Titusville, Florida, Lockheed Martin is starting construction on a facility that will house around 225,000 square feet and be used to manufacture parts for the D5LE2 submarine-launched ballistic missile. In addition to increasing Lockheed Martin's footprint on Florida's Space Coast, the new facility is anticipated to create about 300 new, highly skilled employment.
Related Article: Why Do Navy Dress Blue Pants Have 13 Buttons?
Florida continues to put money in our aviation and aviation, and military and defense companies bring high-skilled, high-wage jobs to the state under Governor Ron DeSantis' leadership," stated Florida Secretary of Commerce J. Alex Kelly.
This kind of strategic investment keeps Florida's workforce growing, creating 300 new jobs and boosting local economies. In order to fulfill the Navy's manufacturing requirements and sustain the service for the ensuing 60 years, the plant is expected to be operational in 2027.
Concerning Lockheed Martin
Global defense technology leader Lockheed Martin promotes scientific advancement and innovation. In order to guarantee that the people we serve are always prepared, our all-domain mission capabilities and 21st Century Security vision expedite the delivery of revolutionary technology.
Progressing with Deterrence
The most sophisticated ballistic missile in the world, the D5 missile was developed and modified by Lockheed Martin for the Navy and is presently deployed on American OHIO-class and British VANGUARD-class submarines.
Through its Fleet Ballistic Missiles (FBM) program, Lockheed Martin will commemorate 70 years of helping the Navy build and maintain the missiles that form the foundation of the country's sea-based deterrence.
Read Also: Does The Princess Wear Holland Cooper For Royal Navy Air Station Visit?
With an emphasis on innovation through cutting-edge digital technology, state-of-the-art facilities, and an excellence-driven culture, Lockheed Martin's FBM program is essential to maintaining American and allied security.
Read Also : What is a financial examiner's job satisfaction rating?