Lockheed wins $4.7B military contract modification

Lockheed Martin (NYSE:LMT) is awarded a $4.7B modification for the procurement of 78 F-35 combat aircraft, the Department of Defense announces.

The award includes 48 F-35A combat aircraft for the Air Force, 14 F-35B combat aircraft for the Marine Corps, 16 F-35C fighter aircraft for the Navy, and associated aircraft red gear.

A majority of the work will be performed in Fort Worth, Tex.; all work is expected to be complete by March 2023.


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