Lockheed Martin : Pentagon Agree to F-35 Sustainment Contract

By Michael Dabaie

Lockheed Martin Corp. said Wednesday that it agreed with the Pentagon on a $1.28 billion undefinitized contract action for its industry team to support operations and sustainment of the F-35 fleet through June 30.

The UCA provides initial sustainment activities for a worldwide fleet while negotiations continue on a long-term contract to support the future fleet of more than 3,000 F-35 aircraft.

Lockheed Martin and industry teammates BAE Systems PLC and Northrop Grumman Corp. provide sustainment support for over 600 aircraft in areas such as training, base operations, repairs, global supply, and sustainment support to F-35 customers.

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(END) Dow Jones Newswires

01-06-21 1040ET