This modification provides for the procurement of long-lead time materials, parts, components, and effort in support of the F-35 Lightning II Low Rate Initial Production Lot 13 aircraft for the U.S. Air Force, U.S. Navy, and U.S. Marine Corps.
Lockheed Martin is awarded a $14M to analyze the F-35 air system’s ability to meet future operational requirements, investigate cost and weight reduction program options, and conduct modeling and simulation activities.
Lockheed Martin Corp. was awarded a $119 million contract modification for the procurement of initial air vehicle deployment spares packages in support of Air Force F-35 air vehicle delivery schedules.
Performance-based contracting is the future of procurement. But in order for it to work properly, the government and contractor must both have a clear understanding of what constitutes a realistic expectation for performance.