WASHINGTON, June 2 (Reuters) - Lockheed Martin Corp has won a $2.1 billion modification to its third low-rate initial production contract for F-35 Joint Strike Fighter aircraft, the U.S. Defense Department announced on Tuesday.
The contract was changing the terms of the previously awarded advanced procurement contract to a cost-plus-incentive fee terms, the Pentagon said in its daily digest of major defense contracts.
The contract includes 7 Air Force conventional takeoff and landing variants valued at $857 million, seven Marine Corps short-takeoff and vertical landing variants worth $878 million, 1 aircraft for the Netherlands valued at $120 million, and two for Great Britain, worth about $252 million.
Work on the contract would be completed by December 2011, the Pentagon said.
(Reporting by Andrea Shalal-Esa) - Keywords: LOCKHEED (andrea.shalal-esa@thomsonreuters.com; + 1 202 354 5807; Reuters Messaging: andrea.shalal-esa.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The contract was changing the terms of the previously awarded advanced procurement contract to a cost-plus-incentive fee terms, the Pentagon said in its daily digest of major defense contracts.
The contract includes 7 Air Force conventional takeoff and landing variants valued at $857 million, seven Marine Corps short-takeoff and vertical landing variants worth $878 million, 1 aircraft for the Netherlands valued at $120 million, and two for Great Britain, worth about $252 million.
Work on the contract would be completed by December 2011, the Pentagon said.
(Reporting by Andrea Shalal-Esa) - Keywords: LOCKHEED (andrea.shalal-esa@thomsonreuters.com; + 1 202 354 5807; Reuters Messaging: andrea.shalal-esa.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.