EU and US could reach trade deal this weekend - Reuters
Investing.com -- Lockheed Martin (NYSE:LMT) has been awarded two contracts totaling $61.7 million for work on the F-35 Joint Strike Fighter program, according to the U.S. Department of Defense.
The first award is a $33.4 million modification to a previous contract for Block 4 development capability for Israel’s F-35 program. This modification will support software development and systems engineering for Israel’s System Development and Design Phase II efforts.
Work on this contract will be performed primarily in Fort Worth, Texas (80%), with the remaining 20% at undisclosed locations outside the continental United States. The project is scheduled for completion in July 2026.
The second contract, valued at $28.3 million, provides integration activities for an unnamed Foreign Military Sales customer. The scope includes engineering support, program management, site support and activation, technical and financial support, and country-specific support.
This integration work will be conducted across multiple locations, with the majority in Nagoya, Japan (52%), Fort Worth, Texas (29%), and Tokyo, Japan (10%). Additional work will take place at various locations within Japan (5%), Orlando, Florida (3%), and other U.S. locations (1%). The completion date for this contract is May 2028.
Both contracts will be managed by the Naval Air Systems Command in Patuxent River, Maryland. Foreign Military Sales funds have been obligated for both contracts, with $7.7 million allocated for the Israel-related work.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.