Posted 8/23/2023, 3:33:49 PM

Lockheed, Pratt win $1 billion in Navy deals for F-35 parts, equipment

The U.S. Navy has awarded Lockheed Martin and Pratt & Whitney over $1 billion in contracts to purchase parts and equipment for the F-35 Joint Strike Fighter, with Lockheed receiving a $347 million contract modification for helmet-mounted display systems and Pratt & Whitney receiving a contract modification valued at over $59 million for F135 engine hardware.

defensenews.com

Relevant topic timeline:

9/6/2023

Lockheed Martin trims delivery outlook for F-35 stealth jets

Defense giant Lockheed Martin has revised its delivery outlook for F-35 stealth fighters, expecting to deliver 97 jets in 2023 instead of the previously forecasted 100-120, due to delays related to a technology upgrade.

9/6/2023

Lockheed Stock Tanked. It’s All About the F-35 Fighter Jet.

Lockheed Martin's stock declined after the company announced that it will not be able to deliver as many F-35 fighter jets in 2023 as previously anticipated, resulting in reduced free cash flow.