≈$35.14B Navy DEFINITIVE CONTRACT N0001917C0001

F-35 Low-Rate Initial Production Lot 12 advance acquisition: ~$35.1B — a contract with Lockheed Martin (via the U.S. Navy; USAspending)

Department of the Navy ・2017-11-17 〜 2031-03-31

The U.S. Navy (the F-35 Joint Program Office) awarded an Advance Acquisition Contract for "Low-Rate Initial Production (LRIP) Lot 12" of the F-35 to Lockheed Martin. The value is about $35.1 billion ($35,135,514,910) — a framework to fund long-lead material early for that production lot.

Contract key facts

RecipientLOCKHEED MARTIN CORPORATION
Contract value$35,135,514,910 (≈$35.14B)
BranchNavy
Awarding agencyDepartment of Defense
Awarding sub-agencyDepartment of the Navy
Award typeDEFINITIVE CONTRACT
Period of performance2017-11-17 〜 2031-03-31
Contract ID (PIID)N0001917C0001

Contract scope (original)

LRIP LOT 12 ADVANCE ACQUISITION CONTRACT

Key points

Advance acquisition contract for F-35 "Low-Rate Initial Production (LRIP) Lot 12"
Awarded to Lockheed Martin; ordered by the U.S. Navy (managed by the Joint Program Office, JPO)
Value ~$35.1B ($35,135,514,910; multi-year cumulative), definitive contract, Nov 2017–Mar 2031
LRIP = production ramp-up; advance acquisition = early funding of long-lead material

The F-35 is a Joint Strike Fighter operated jointly by the Air Force, Navy, and Marine Corps, and its procurement is centrally managed by the Navy-based Joint Program Office (JPO).

LRIP (Low-Rate Initial Production) is the ramp-up stage before full-rate production, during which a small number are built while manufacturing processes and quality are stabilized. An advance acquisition contract is a framework to fund long-lead items for a specific production lot (here, Lot 12) ahead of the main production contract.

Alongside the separately compiled F-35 long-lead material contracts, this award again shows that the F-35 is an outsized multi-year, multinational program within U.S. defense procurement.

Why it matters

A read on the scale and buyers of the production stage of the F-35, a multi-year, multinational program. Useful for aerospace/defense supply chains and readers tracking the U.S. government market and security trends.

FAQ

What data is this?

A single Department of Defense (DoD) federal procurement contract recorded in "USAspending," the U.S. open government-spending dataset. The recipient, awarding component, value, and scope are public. This site is not an official U.S. government website.

Is the amount final?

It is a cumulative figure as of collection. Large defense contracts accumulate modifications over many years, so amounts change. The latest figure is available at the source, USAspending.

What is LRIP (Low-Rate Initial Production)?

The ramp-up stage before full-rate production, building a small number while stabilizing manufacturing and quality. An advance acquisition contract funds that lot's long-lead material early.

Sources (primary)

This article is an independent organization based on the U.S. official spending data below. Verify the exact, latest details with the official source.

USAspending (award details)
Contract ID (PIID)：N0001917C0001

#Defense#Department of Defense#Navy#F-35#Federal procurement

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