This is a routine sustainment order on an existing F-35 program. Monitor future F-35 delivery volumes and Lot 20 contract negotiations, which are more material to LMT's revenue trajectory than this small award.
Price Chart
Executive Summary
Lockheed Martin Aeronautics received a $114.6M cost-plus-fixed-fee order from the U.S. Navy for F-35 navigation system redesigns to prevent production disruptions. The award is non-competitive, funded by fiscal 2026 procurement and partner funds, and represents approximately 0.14% of Lockheed Martin's annualized revenue, making it a routine contract addition.
Key Financial Metrics
Key Facts
- Award amount: $114,629,966
- Contract type: cost-plus-fixed-fee order against a basic ordering agreement
- Work scope: nonrecurring engineering, redesign, integration, qualification, and testing for F-35 GPS and inertial navigation systems
- Funding: $46.4M Air Force, $46.4M Navy, $21.8M cooperative program partner funds
- Performance period through January 2030
- Not competitively procured
- Award represents ~0.14% of Lockheed Martin's annualized revenue of $82.8B
Financial Impact
$114.6 million award, approximately 0.14% of annualized revenue
Risk Factors
- Funding is subject to fiscal 2026 appropriations; continuing resolutions could delay obligation
- Cost-plus contract structure limits profit upside relative to fixed-price work
- No competitive procurement suggests incumbent position but also limited new business growth from this award
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0001927F1037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | GOVT-CONTRACT | $635.08 | awaiting T+20 | — | $635.20 (+0.02%) |
Oct 23, 2026 3d ago | 144 | $604.07 | awaiting T+20 | — | $635.20 (+5.15%) |
Oct 23, 2026 3d ago | GOVT-CONTRACT | — | awaiting T+20 | — | — |
Oct 22, 2026 4d ago | 8-K | $589.91 | awaiting T+20 | — | $635.20 (+7.68%) |
Oct 22, 2026 4d ago | GOVT-CONTRACT | $604.18 | awaiting T+20 | — | $635.20 (+5.13%) |
Oct 15, 2026 11d ago | Press Release | $532.64 | awaiting T+20 | — | $635.20 (+19.26%) |
Oct 14, 2026 12d ago | GOVT-CONTRACT | $532.64 | awaiting T+20 | — | $635.20 (+19.26%) |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $522.23 | awaiting T+20 | — | $635.20 (+21.63%) |
Sep 21, 2026 5w ago | Press Release | $522.34 $548.71 | ▲ +5.05% | ▲ +5.61% | $635.20 (+21.61%) |
Sep 10, 2026 6w ago | GOVT-CONTRACT | $524.19 $509.59 | ▼ −2.79% | ▼ −4.65% | $635.20 (+21.18%) |
US Market Status
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