Lockheed Martin gets $559 million for Lot 10 F-35s

July 8, 2016 2:40 PM

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WASHINGTON, July 8 (UPI) -- Lockheed Martin has received a $559 million U.S. Navy contract for low rate initial production of Lot 10 F-35 Lightning II fighters.

The cost-plus-incentive-fee, fixed-priced-incentive-firm contract covers Joint Strike Fighter non-air vehicle spares, support equipment, autonomic logistics information system hardware and software upgrades, supply chain management, full mission simulators and non-recurring engineering services.

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