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![]() by James Laporta Washington (UPI) Feb 28, 2018
Lockheed Martin has been awarded a contract for support of modification and retrofit activities for air systems for the F-35 Lightning II Joint Strike Fighter. The deal, announced Tuesday by the Department of Defense, is valued at more than $158.2 million under the terms of a cost-plus-fixed-fee delivery order, which modifies a previous basic ordering agreement. The contract enables Lockheed Martin to provide program management, non-recurring and recurring engineering services for the modification and retrofit of delivered air systems for the F-35, along with other services, for the U.S. Air Force, Marine Corps, Navy, non-Department of Defense participants and foreign military sales customers. Work on the contract will occur in Fort Worth, Texas, and is expected to be complete in February 2019. The total amount of the contract has been obligated to Lockheed Martin at the time of award from Air Force and Marine Corps fiscal 2016 aircraft procurement funds, Air Force fiscal 2017 aircraft procurement funds, Navy fiscal 2018 aircraft procurement funds, and non-Department of Defense participant and foreign military sales funds. More than $57.6 million will expire at the end of the current fiscal year, the Pentagon said.
![]() ![]() France to block Chinese group taking control of Toulouse airport Paris (AFP) Feb 26, 2018 The French government will not sell a 10 percent stake in the Toulouse airport in southern France to a Chinese consortium, a deal that would have given it majority control of the fast-growing transport hub, a government source said Monday. Casil Europe, a holding company created by China's state-owned Shandong Hi-Speed Group and the Hong Kong-based Friedmann Pacific Asset Management, bought 49.99 percent of the airport in 2015. The French government had an option for selling Casil an additional ... read more
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