Saturday, December 10, 2011

Lockheed: Pentagon Order for F-35s Undefinitized

Lockheed Martin has signed an undefinitized contract that establishes a price ceiling for the fifth low rate production lot for the F-35 Lightning II Joint Strike Fighter, company officials clarified late on Dec. 10.
THE PENTAGON AWARDED Lockheed Martin an undefinitized contract to produce 30 more F-35 Joint Strike Fighters for the U.S. Air Force, Navy and Marine Corps. (Lockheed Martin)
The Pentagon announced earlier on Dec. 10 that it had awarded Lockheed Martin a $4 billion contract to build 30 F-35 Joint Strike Fighter aircraft for the U.S. Air Force, Navy, and Marine Corps.
"Lockheed Martin has signed an undefinitized contract that establishes the funding for Lot 5 up to the level announced by the DoD today," said Lockheed Martin spokeswoman Laurie Quincy in an email. "The final Lot 5 contract amount will not be known until we have a definitized contract sometime in 2012."
She said in a statement that the award is welcome news for the company and its F-35 suppliers.
"This … will help ensure we continue to meet production schedules outlined by the program," Quincy wrote. "This is an important first step in paving the way for full LRIP 5 production contract negotiations with our government customer."
The fixed-price-incentive contract calls for 21 F-35A conventional take off and landing (CTOL) for the Air Force, three F-35B short-take off and vertical landing (STOVL) aircraft for the Marines, and six F-35C carrier variants for the Navy.
Broken down by service, two-thirds of the value of the contract - $2.65 billion - is for the Air Force; $937 million, or 23 percent, for the Navy; and $426 million, or nearly 11 percent, for the Marine Corps.
The contract also provides for "associated ancillary mission equipment and flight test instrumentation" for the planes, and flight test instrumentation for the United Kingdom.
The contract was awarded through the Naval Air Systems Command.

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