The Pentagon awarded Lockheed Martin a $1.27 billion not-to-exceed undefinitized modification to a previously awarded F-35 low-rate initial production contract, according to a contract announcement. The modification will provide for the delivery of three F-35As for the Air Force, six F-35Bs for the Marine Corps, and four F-35Cs for the Navy, the announcement states. Work is expected to be finished by December 2019. The contract modification provides for aircraft added in the Fiscal 2016 budget deliberations process, and combines F-35 buys for the Air Force, Navy, and Marine Corps.
Boeing Claims Progress on T-7 and Other Challenged Programs
April 25, 2025
Boeing appears to have become to overcome the problems that led to billions in losses on fixed-price defense contracts in recent years, point the company back toward profitabily, says Boeing president and CEO Kelly Ortberg.