F-35As are pictured at Hill AFB, Utah on Jan. 6 last year during an exercise (U.S. Air Force Photo)
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The Navy awarded Lockheed Martin [LMT] a $1 billion modification on Sept. 24 for a previous advance acquisition contract, exercising options to produce and deliver 16 Lot 15 F-35 Joint Strike Fighters.
This purchase includes 10 aircraft for the Air Force and…