The contract for the F-35 stealth fighter plane will effect multiple international customers. Source: Aditya0635/Shutterstock

Lockheed Martin Corp., headquartered in Fort Worth, Texas, has been granted a significant F-35 contract modification worth $606.8m. 

The contract falls under a previously awarded advanced acquisition agreement and aims to procure long lead time materials, components, and efforts necessary to sustain the on-schedule production and delivery of 173 Lot 19 F-35 Joint Strike Fighter aircraft. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to GlobalData’s “US Defense Market 2022-2027” report, the F-35 Lightning II is an extensive program designed to provide the US and its allies with a fifth-generation combat aircraft with stealth and strike capabilities.

These aircraft are intended for international foreign military sales (FMS) customers and non-U.S. Department of Defense (DOD) participants. The project’s completion is anticipated by January 2028, with diverse locations contributing to its execution.

Work on this initiative will be distributed across various locations, with Fort Worth, Texas, leading the effort at 59% allocation. El Segundo, California, follows at 14%, while Warton, United Kingdom, accounts for 9% of the workload. 

See Also:

Cameri, Italy and Orlando, Florida, contribute 4% each, with Nashua, New Hampshire and Baltimore, Maryland taking up 3% each. San Diego, California and multiple international locations outside the continental US participate with a combined 2% effort. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

There have been multiple recent developments worldwide. For example, Lockheed Martin facilitated Germany’s F-35 integration with a $622.3m contract last week, whilst Lockheed Martin was also involved in funding for helmet-mounted display system requirements and advanced long lead time hardware, contributing to the continued development of the F-35 aircraft. 

The awarded funds, totalling $606.8m, include $329.5m from FMS customers and $277.3m from non-US DOD participants. These funds will be obligated at the time of the award without any expiration at the end of the current fiscal year. The Naval Air Systems Command, headquartered in Patuxent River, Maryland, oversees the contract.

In other international F-35 procurement news within the last year, the Czech Republic sought after F-35 aircraft and munitions in a sale valued at up to $5.62bn, and Israel has moved to acquire a third squadron of F-35A fighters.