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Monday, July 06, 2015

Lockheed Martin ready to build 94 F-35 combat jets in $920.4 million contract

F-35A Lightning IIThe U.S. military is placing orders worth nearly a billion dollars with Lockheed Martin Corp. to prepare for building 94 F-35 Lightning II joint strike fighter combat jets. The order involves conventional and vertical takeoff and landing versions, as well as carrier versions.

Officials of the U.S. Naval Air Systems Command at Patuxent River Naval Air Station, Md. -- the organization handling F-35 procurement for all military forces -- announced a $920.4 million contract with the Lockheed Martin Aeronautics segment in Fort Worth, Texas, for long lead items involves with 94 F-35 aircraft.

Long-lead items either are difficult and time-consuming to obtain, and are funded early in the aircraft design process to keep overall production on schedule. Contracts to build the 94 F-35 combat jets will come later.

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