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Lockheed nabs $147.6M for MK41 components

Lockheed nabs $147.6M for MK41 components

Business
April 23 (UPI) -- Lockheed Martin was awarded a $ 147.6 million contract modification for components for the Navy's MK 41 Vertical Launching System for the United States and three allies, the Pentagon announced Thursday. The deal modifies a contract awarded in February for the procurement of electronic components for the MK 41 system, which is installed aboard Navy surface combatant ships, as well as ships belonging to allies. This contract is funded by the U.S. Navy as well as the governments of South Korea, Finland and Germany through the Pentagon's foreign military sales program. The MK 41 launching system stores, selects, prepares and launches standard missiles as well as Tomahawk, Vertical Launch Anti-Submarine Rockets and Evolved Sea Sparrow missiles. The bulk of the work on the de...
Lockheed awarded $14.9M for work on F-35s for Navy, Air Force, partners

Lockheed awarded $14.9M for work on F-35s for Navy, Air Force, partners

Business
April 10 (UPI) -- Lockheed Martin was awarded a $ 14.9 million contract modification Friday for work on the F-35 for the the Navy, Air Force and some non-Pentagon participants, according to the Department of Defense. The deal modifies a contract originally awarded in 2018 and funds repair capability for the hydraulic power generation system under low rate initial production Lot 11 F-35s. In November Lockheed was awarded $ 184.5 million to establish organic depot level repair capabilities for the F-35 aircraft under a previously awarded low-rate initial production Lot 11 contract. Work on the contract will primarily be performed in Fort Worth, Texas, and Wolverhampton, Britain. Let's block ads! (Why?) Business News - UPI.com
Lockheed nabs $601.3M for work on Trident II D5 ballistic missile

Lockheed nabs $601.3M for work on Trident II D5 ballistic missile

Business
March 19 (UPI) -- Lockheed Martin has been awarded a $ 601.3 million contract modification for work on the Trident II D5 submarine-launched ballistic missile for the Navy, according to a Pentagon announcement. The deal modifies an earlier contract for production and support of the missiles, which were first deployed in 1990. The missiles have undergone constant improvement since the Navy announced a life extension program to make the missiles usable until 2040, with the most recent life extension contract being awarded in February. One-third of work on the contract will be performed in Magna, Utah, with other parts of the contract being executed in a variety of locations around the United States, including Sunnyvale, Calif., Denver, Colo., and Cape Canaveral, Fla., with an expected compl...
Lockheed Martin awarded $141.7M for repair for the F-35

Lockheed Martin awarded $141.7M for repair for the F-35

Business
Feb. 28 (UPI) -- Lockheed Martin received a $ 141.7 million contract modification for repair capabilities for the F-35 combat aircraft, the Pentagon announced. This contract is funded with Fiscal 2019 funds from Air Force, Navy and Marine Corps coffers. Lockheed closed out 2019 with $ 2.35 billion in contracts to support the aircraft, versions of which are used by the U.S. Air Force, Navy, and Marine Corps. The F-35 is considered the most advanced fighter aircraft in the sky, and this week Hill AFB, Utah, celebrated the recognition its 388th and 419th Fighter Wings of F-35 fighter planes reaching "Full Warfighting Capability." It's also a significant driver of the Pentagon's budget: an August DoD report said the F-35 program grew by $ 25 billion in 2018 and was the primary reason the Pen...
Lockheed nabs $233M for work on Mk 41 launching system

Lockheed nabs $233M for work on Mk 41 launching system

Business
Feb. 21 (UPI) -- Lockheed Martin has received a $ 233 million contract for work on the Mk 41 vertical launching system, according to the Department of Defense. The contract, which funds procurement of vertical launcher module assemblies, modernization kits and spare components for the launching system, a modular missile launch system capable of launching multiple standard missile variants. The contract combines purchases for the U.S. Navy and three other governments through the foreign military sales program. The Navy funded 74 percent of the deal, with the government of Korea funding 18 percent and Finland and Germany each funding 4 percent of the contract. The Mk 41 has been in U.S. Navy service since 1986. In December 2018, the Navy awarded BAE Systems $ 41.5 million for for SM-3 and ...