USA Lockheed Martin to build 129 F-35s under mega $7.6bn contract

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US Naval Air Systems Command (NAVAIR) has awarded a contract to Lockheed Martin for the procurement of 129 Lot 15 F-35 Lightning IIs.


The $7,630,940,571 deal was signed on August 12 and is a modification to a previous advanced acquisition contract. It covers 49 F-35A aircraft for the US Air Force (USAF), three F-35Bs and ten F-35Cs for the US Marine Corps (USMC) and 15 F-35Cs for the US Navy (USN), along with 32 F-35As and four F-35Bs for unspecified non-US Department of Defense (DOD) participants and 16 F-35As for Foreign Military Sales (FMS) customers, as well as 69 shipsets of technical hardware. Contract completion is anticipated in October 2024.

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A USAF-operated Lockheed Martin F-35A Lightning II prepares to depart Eglin Air Force Base (AFB), Florida, for a sortie on October 15, 2019. In total, the recently awarded Lot 15 F-35 production contract covers the manufacture and delivery of 129 aircraft to multiple customers. USAF/Senior Airman Daniella Peña-Pavao

The total funding released at the time of the award includes Fiscal Year (FY) 2021 USAF aircraft procurement funds of $2,162,537,083, FY 2021 USN aircraft procurement funds of $1,538,490,483, FY 2020 USAF aircraft procurement funds of $54,747,445, FY 2020 USN aircraft procurement funds of $32,338,565, FMS funds of $693,338,015 and non-US DOD participant funds of $682,929,685.


A separate NAVAIR award valued at $53,415,771 was awarded to Lockheed Martin on the same day and covers the provision of continued engineering and other related activities in support of the design and development of a Joint Strike Fighter (JSF) aircraft variant tailored for an unspecified FMS customer. Work is expected to be completed in July 2026.

 

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