Lockheed secures $166 million Navy award for F-35 training equipment

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Lockheed Martin (NYSE: LMT) has received a $166.6 million contract amendment from the US Navy to supply, install and configure 22 F-35 aircraft trainers.

The contractor will provide interactive courseware, a multispectral database and full-mission simulators to the service branch as part of the contract action, the Department of Defense announced Thursday.

Lockheed will also provide one-time engineering services to assist Navy, Marine Corps, Air Force, non-DOD entities, and foreign military commercial customers with the replacement of a rechargeable battery module for the blade server of aeronautic training devices.

Ninety-six percent of the work under the modification will take place in Orlando, Florida, while the remaining percentage will be performed in Fort Worth, Texas, and various areas outside of the continental United States, until in December 2027.

The initial $83.32 million award obligation combines funds from the Navy, USAF, FMS, and non-U.S. DOD partners. Naval Air Systems Command, based in Maryland, presented the award.

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