Lockheed awarded additional F-35 funding

Friday - 7/8/2011, 8:40am EDT

Lockheed Martin has received a $46 million contract for work on the F-35 Joint Strike Force fighter. Lockheed is the F-35 prime contractor. The money increases funding under an existing cost-plus-incentive fee contract.
Lockheed will apply the funds to the conventional take-off version of the military's newest fighter. Another version of the plane can take off vertically. Most of the work will be done in Fort Worth, Texas; El Segundo, California; and Warton, England.That contract was issued by the Naval Air Systems Command.

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