Lockheed Martin awarded $115.5M Navy contract order

Lockheed Martin (LMT) was awarded a $111.5M firm-fixed-price order against a previously issued basic ordering agreement. This order procures F-35 Drag Chute System in support of Lot 18-19 aircraft delivery in support of Non-U.S. DOW Participants and Foreign Military Sales customer’s operational aircraft. Work will be performed in Fort Worth, Texas, and is expected to be completed in October 2030. FMS funds in the amount of $100.09M; and cooperative program partners funds in the amount of $11.41M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. This order was not competed. Naval Air Systems Command is the contracting activity.