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U.S. Awards Lockheed Martin $1.28 Bln F-35 Sustainment Contract

The F-35 Joint Program Office awarded Lockheed Martin (LMT) a $1.28 billion Undefinitized Contract Action to support operations and sustainment of the global F-35 fleet through June 30, 2021.

Lockheed said that the F-35 Joint Program Office, together with each U.S. Service, international operators and the F-35 industry team, leads F-35 sustainment and the Global Support Solution.

The company noted that the F-35's reliability continues to improve, and newer production aircraft are averaging greater than 70% mission capable rates, with some operational squadrons consistently near 75%. Cost per flight hour has decreased by more than 40% during the last five years.

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