The modification is routine and immaterial to Lockheed Martin's financials. Monitor for larger F-35 production contract awards or changes in delivery rates, which have a more meaningful impact on revenue and earnings.
Price Chart
Executive Summary
Lockheed Martin received a $43.7M contract modification from the Navy for F-35 reprogramming lab operating system upgrades. The award is small relative to the company's annualized revenue of ~$82.8B, representing about 0.05% of revenue, and is a routine sole-source modification to an existing contract.
Key Financial Metrics
Key Facts
- Contract modification (P00025) valued at $43,673,774
- Awarded by Naval Air Systems Command to Lockheed Martin Aeronautics Co.
- Adds scope for F-35 Lightning II reprogramming laboratory OS upgrades
- Work performed in Eglin, FL (80%) and Fort Worth, TX (20%), completion expected April 2030
- Funds obligated: $6,988,754 Air Force, $6,988,754 Navy, $29,696,266 F-35 cooperative program partners
- Not competitively procured; modification to existing contract N0001922C0046
- Award amount is ~0.05% of Lockheed Martin's annualized revenue of ~$82.8B
Financial Impact
$43.7M contract modification, approximately 0.05% of annualized revenue
Risk Factors
- Contract is cost-plus-fixed-fee, limiting margin upside
- Funding dependent on annual appropriations and F-35 partner contributions
- No competitive award, suggesting incumbent position but no new business win
Market Snapshot
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-N0001922C0046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | GOVT-CONTRACT | $635.21 | awaiting T+60 | awaiting T+60 | $636.95 (+0.27%) |
Oct 29, 2026 2d ago | GOVT-CONTRACT | $648.47 | awaiting T+60 | awaiting T+60 | $636.95 (−1.78%) |
Oct 28, 2026 3d ago | GOVT-CONTRACT | $643.59 | awaiting T+60 | awaiting T+60 | $636.95 (−1.03%) |
Oct 27, 2026 3d ago | Press Release | $622.99 | awaiting T+60 | awaiting T+60 | $636.95 (+2.24%) |
Oct 26, 2026 5d ago | GOVT-CONTRACT | $622.99 | awaiting T+60 | awaiting T+60 | $636.95 (+2.24%) |
Oct 23, 2026 7d ago | 144 | $635.20 | awaiting T+60 | awaiting T+60 | $636.95 (+0.28%) |
Oct 23, 2026 8d ago | GOVT-CONTRACT | $635.20 | awaiting T+60 | awaiting T+60 | $636.95 (+0.28%) |
Oct 22, 2026 8d ago | 8-K | $589.91 | awaiting T+60 | awaiting T+60 | $636.95 (+7.97%) |
Oct 22, 2026 9d ago | GOVT-CONTRACT | $604.18 | awaiting T+60 | awaiting T+60 | $636.95 (+5.42%) |
Oct 15, 2026 15d ago | Press Release | $532.64 | awaiting T+60 | awaiting T+60 | $636.95 (+19.58%) |
US Market Status
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