Military and Commercial Technology: Lockheed Martin wins $712 million U.S. defense contract: Pentagon

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WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) has been awarded a $712 million U.S. defense contract for the development of advanced hardware in support of the F-35 Lightning II aircraft, the Pentagon said on Thursday.

Reporting by Eric Beech; Editing by Tim Ahmann

Source: www.reuters.com

Update

The company will support flightworthy certification, production readiness review and fleet release of the system for use in lot 15 fighter jets, the Department of Defense said Thursday.

Work will take place in Fort Worth, Texas, through March 2023.

The Navy, U.S. Marine Corps and non-DoD participants will obligate $207.1M in total funds at the time of award.

Lockheed selected Harris (NYSE: HRS) in September to build an integrated core processor in support of F-35 TR3 modernization efforts. Harris will also provide its Panoramic Cockpit Display Electronic Unitand Aircraft Memory System to the project. Source: www.govconwire.com

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