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Tag: Lockheed

Lockheed nets $184.5M for organic depot level repairs on F-35s

Lockheed nets $184.5M for organic depot level repairs on F-35s

Business
Nov. 7 (UPI) -- Lockheed Martin has been awarded $ 184.5 million repair capabilities on a production lot of F-35 aircraft operated by the Pentagon and other non-Department of Defense program participants. The contract, announced Wednesday by the Department of Defense, tasks Lockheed with establishing organic depot level repair capabilities for the F-35 aircraft under a previously awarded low-rate initial production Lot 11 contract. The work, to support the Air Force, Marine Corps, Navy and non-DoD participants, is expected to be complete by March 2023. Half of the work will be done in Fort Worth, Texas, where Lockheed is headquartered, with the rest at locations across the United States. Among the aircraft systems and parts the company will be working on are common components, convention...
Pentagon, Lockheed reach $34B deal for 478 F-35s as price per aircraft drops

Pentagon, Lockheed reach $34B deal for 478 F-35s as price per aircraft drops

Business
Oct. 29 (UPI) -- A $ 34 billion deal between Lockheed Martin and the Pentagon, announced on Tuesday, calls for delivery of 478 F-35 fighter planes at a cost below $ 80 million each. It is the largest contract for military materiel and the lowest price per plane for the F-35 series. A statement by Lockheed Martin on Tuesday noted that the cost per plane in each of three delivery cycles known as Lot 12, Lot 13 and Lot 14 is reduced from the previously-delivered planes in Lot 11. The U.S. Army's F-35A, for example, a variant of the plane with conventional takeoff and landing capabilities, will cost $ 84.2 million per plane in Lot 12, $ 79.2 million in Lot 13 and $ 77.9 million in Lot 14. The cost savings of the final lot, compared to Lot 11, is 12.8 percent per plane. Similarly, the Lot 14...
Lockheed nabs $14.4M contract to support France’s C-130-J aircraft

Lockheed nabs $14.4M contract to support France’s C-130-J aircraft

Business
Oct. 25 (UPI) -- Lockheed Martin won a $ 12.4 million contract for support of France's C-130-J and KC-130-J aircraft, the Defense Department said. The plane, known in various iterations as the Super Hercules, is a four-engine turboprop military transport aircraft suitable for delivering troops and cargo, as well as mid-air refueling. Seventeen nations have the plane and its variants in their fleets. France has four, its first brought into service in 2018 for use in airlift and refueling activities in the sub-Saharan Sahel region. France also has several aging C-130-H variants. The contract, announced by the Pentagon on Thursday, calls for long term sustainment of the aircraft, including program management support, spares parts, supply support services, support equipment, engineering serv...
Lockheed to study risk reduction, deliverability of redesigned nuclear warhead

Lockheed to study risk reduction, deliverability of redesigned nuclear warhead

Business
Oct. 17 (UPI) -- Lockheed Martin has received a $ 108.3 million contract from the U.S. Air Force for research on the Mk21A Reentry Vehicle for use with a redesigned nuclear warhead. The deal, announced Wednesday by the Department of Defense, calls for risk reduction and technology maturation studies to offer a low-cost, low technical risk re-entry vehicle capable of delivering the W87-1 nuclear warhead using the Air Force's Ground Based Strategic Deterrent Weapon System. The re-entry vehicle components include a high velocity nose tip, high impulse transducer, fuse, electronic devices, and various shells and other external bodywork. The W-78 series is one of the oldest nuclear warheads in the U.S. nuclear arsenal, dating to 1979. A modification program, W87-1, began with feasibility stud...
Lockheed nets $80M contract for Aegis system upgrades

Lockheed nets $80M contract for Aegis system upgrades

Business
Aug. 16 (UPI) -- Lockheed Martin received an $ 80 million contract from the U.S. Navy for electronic equipment upgrades to the Aegis missile system, the Pentagon announced. The new contract modification, announced Thursday by the Department of Defense, calls for Lockheed Martin's Rotary and Mission Systems division to cover the production, test and delivery of multi-mission signal processor equipment sets, electronic equipment fluid coolers, AEGIS Weapon System AMOD [Aegis Modernization] upgrade equipment and Kill Assessment System equipment and spare parts. The deal calls for the Navy to underwrite 78.1 percent of the expenses, with Australia and Japan, where some of the equipment is located, to pay for 21.9 percent. The Aegis Combat System is an integrated naval weapons system using ra...