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Lockheed Martin receives $7.8 billion contract modification from Pentagon for the F-35

The U.S. Defense Department announced on Friday that Lockheed Martin Corp. had been given a $7.8 billion contract modification for the F-35 aircraft (LMT.N).

 

The Pentagon released a statement in which it stated that ‘this modification adds scope to procure 127 F-35 Lot 16 aircraft.’

 

The company claimed that the additional contract announced Friday brought the total contract between the company and the Pentagon for the delivery of 398 F-35s to $30 billion.

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