Pentagon Deepens F-35 Bet: Lockheed Martin (LMT) Secures $871M Support Contract Modification

On September 18, the Department of War (DoW) awarded Lockheed Martin Corporation (NYSE:LMT) an $871 million modification to an existing F-35 Lightning II contract. The award lifts the ceiling to provide additional capacity for support equipment under the site activation and sustainment efforts. Also read: How Does This F-35A Rollout Strengthen NATO Deterrence for Lockheed Martin (LMT)Pentagon Deepens F-35 Bet: Lockheed Martin Corporation (LMT) Secures $871M Support Contract Modification Jordan Tan / Shutterstock.com The contract will include initial sustainment supplies and services required to establish and activate F-35 operational sites that are both land-based and at-sea. DON'T MISS: Lockheed Martin (LMT) Is Spending Ahead on JATM.