Lockheed Martin signs sustainment contract with Pentagon for USD 1.9bn

Lockheed Martin Aeronautics (NYSE: LMT) has announced the Pentagon´s F-35 Joint Program Office awarded the Lockheed Martin industry team a USD 1.9 billion contract to support operations and sustainment of the global F-35 fleet, while improving mission readiness and further reducing costs, the company said.

The annual contract funds critical sustainment activities for aircraft currently in the fleet and builds enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. This includes industry sustainment experts supporting base and depot maintenance, pilot and maintainer training, and sustaining engineering across the globe. It also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.

The F-35 Joint Program Office, together with each US service, international operator and the F-35 industry team, leads F-35 sustainment and the Global Support Solution. The 2020 annualized sustainment contract will cover industry sustainment activities through December 31, 2020.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.