The Navy Wednesday awarded Lockheed Martin [LMT] a $122 million modification to a previously-awarded F-35 low rate initial production (LRIP) Lot VI cost-plus incentive fee contract for the procurement of support equipment, according to a Defense Department statement.
Support equipment includes sensor covers, tool sets, vacuum clamp sets and heat gun assemblies. Work is expected to be completed by November 2016. In all, $122 million in Air Force fiscal year 2012 aircraft procurement funds will be obligated at the time of award.
The F-35 is developed by Lockheed Martin with subcontractors BAE Systems and Northrop Grumman [NOC]. The F135 engine is developed by Pratt & Whitney of United Technologies Corp. [UTX]