by James Laporta
Washington (UPI) Nov 28, 2017
Lockheed Martin has been awarded a modified contract for software conversions for structure and system data sets in support of the F-35 joint strike fighter.
The deal, announced Monday by the Department of Defense, is worth more than $37.7 million and modifies terms under a previous award contract worth $10.7 billion for manufacturing of the F-35 joint strike fighter.
The modified contract, issued by the Naval Systems Command, is to exercise an option for software upgrades under a cost-plus-fixed-fee contract, which is a cost-reimbursement deal for Lockheed Martin if additional costs are accumulated while working on the project. Under these terms, the $37.7 million is a fixed fee that is not adjusted against actual cost, but as a change in work performed by the defense contractor.
The F-35 Lightning II 5th generation stealth fighter is slated to replace much of the U.S. fighter fleet, as well as those of many foreign air forces. The United States is by far the largest customer, with an expected procurement of well over 2,000 aircraft for the Air Force, Navy and Marine Corps. Foreign customers are also expected to purchase hundreds of them, including key members of NATO.
The work will be performed in Fort Worth, Texas, and Samlebury, England, and is expected to be completed in June 2020.
Fiscal 2016 aircraft procurement funds from the U.S. Navy and Marine Corps, coupled with fiscal 2017 funds from the Navy and U.S. Air Force, and non-DoD participant funds for more than $37.7 million, have been obligated to Lockheed Martin. More than $7.5 million of the funds will expire at the end of the current fiscal year.
Beijing (AFP) Nov 23, 2017
Boeing and China's first privately owned airline, Okay Airways, have finalised a $1.4-billion order for five Dreamliner jets, the two companies said on Thursday. The purchase of the five 787-9 long-haul aircraft by the Beijing-based airline was signed off in the United States on Wednesday and announced on Thursday via the companies' official accounts on Chinese microblogging site, Weibo. ... read more
Aerospace News at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|