Lockheed Martin Secures $61.7M F-35 Contracts for Israel and Foreign Military Sales

Lockheed Martin (NYSE:LMT) has been awarded two contracts worth a combined $61.7 million to support the F-35 Joint Strike Fighter program, according to the U.S. Department of Defense.

The first contract is a $33.4 million modification for Israel’s F-35 program, specifically enhancing Block 4 development capabilities. The project focuses on software development and systems engineering as part of Israel’s System Development and Design Phase II. Work will primarily take place in Fort Worth, Texas (80%), with the remaining 20% performed at undisclosed locations outside the continental United States. Completion is scheduled for July 2026.

The second contract, valued at $28.3 million, involves integration support for an unnamed Foreign Military Sales (FMS) customer. The scope includes engineering, program management, technical support, financial services, and country-specific activation. This work will be carried out across multiple locations, with the majority in Nagoya, Japan (52%), Fort Worth, Texas (29%), and Tokyo, Japan (10%). Additional work will occur at other sites within Japan (5%), Orlando, Florida (3%), and other U.S. locations (1%). Completion is expected by May 2028.

Both contracts will be overseen by the Naval Air Systems Command at Patuxent River, Maryland. Foreign Military Sales funding will finance these projects, with $7.7 million already allocated to support Israel-related efforts.

These awards highlight Lockheed Martin’s continuing role in advancing global F-35 capabilities and strengthening defense cooperation with allied nations, particularly Israel and key partners in Asia.