Lockheed Martin awarded $107.04M Navy contract order

Lockheed Martin (LMT) was awarded a not-to-exceed $107.04M undefinitized, cost-plus-fixed-fee order against a previously issued basic ordering agreement. This order provides for research and development efforts for trade studies and alternative assessment of all potential power and thermal management solutions, as well as required engine core upgrade block four integration efforts in support of F135 engines upgrades for the F-35 Joint Strike Fighter aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sale customers, and F-35 Cooperative Program Partners. Work is expected to be completed in December 2026. FY24 research, development, test and evaluation funds in the amount of $14.37M; FY24 research, development, test and evaluation funds in the amount of $14.37M and F-35 cooperative program partner funds in the amount of $6.4M, will be obligated at the time of award, $28.74M of which will expire at the end of the current fiscal year. This order was not competed. Naval Air Systems Command is the contracting activity.

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