Lockheed Martin awarded $841.5 million contract modification by U.S. Navy for F-35 jet program

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The U.S. Navy said it awarded Lockheed Martin

an $841.5 million modification to a previously awarded contract to work on the F-35 Joint Strike Fighter program.

The Fort Worth, Texas-based defense company will provide non-recurring site activation, initial sustainment and associated administrative support for the fighter jet development program. Work under the contract is expected to be completed in December 2029.

The Navy said Tuesday the contract was fixed-price and included the cost and incentive fees for the company’s work.

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