Lockheed Martin Corporation (NYSE: LMT) has secured two significant contracts with a combined value of $136,102,558.

The first contract is a $122,706,700 cost-plus-fixed-fee modification to an existing contract. This modification focuses on critical technical refresh actions for the F-35 Joint Strike Fighter (JSF) pilot and maintainer training site. It includes support for scheduling, capability enhancement, and overall training system sustainment. The contract also encompasses non-recurring engineering and materials to refresh end-of-life components in existing F-35 JSF training devices. The customers benefiting from this contract include the Air Force, Marine Corps, Navy, Foreign Military Sales (FMS) customers, and non-U.S. Department of Defense (DOD) participants. The Naval Air Systems Command is responsible for the contracting activity.

Furthermore, Rotary and Mission Systems (RMS), a business area of Lockheed Martin, has been awarded a $13,395,858 firm-fixed-price modification to a previously-awarded contract. This contract modification is for the provisioned item spares in support of the full rate production of the Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems. The contracting activity is the Naval Sea Systems Command based in Washington, D.C.

$LMT closed at $461.64, down $1.12 (0.24%) on Monday

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