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TEHRAN, Mar 07 -Lockheed Martin Corp. will provide kits and tooling for modifications to the F-35 Lightning II fighter plane air system under a $32.7 million, the Defense Department announed.
TEHRAN, Young Journalists Club (YJC) -The contract, announced Tuesday, calls for procurement of modification kits and special tooling for retrofitting air systems already delivered to the Army, Navy, Marine Corps and non-Defense Department and Foreign Military Sales customers.
Work will be performed at Lockheed Martin's Fort Worth, Texas, facility, with a target completion date of August 2027.
In February the company was awarded a $90 million contract modification to reduce the purchase cost of the aircraft.
Acting Secretary of Defense Patrick Shanahan, a former executive of Lockheed Martin competitor Boeing, has been critical of the F-35's price, which currently stands at about $90 million for each aircraft.
The full value of the contract has been obligated to Lockheed at the time of award, with $2.1 million expected to expire at the end of the current fiscal year.
Source: UPI
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