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Lockheed Martin Secures $153.9M Navy Contract Modification

June 10, 2026

1 min read

Key Takeaways

Lockheed Martin receives $153.9M Navy contract modification.
Funding supports production of 11 F-35 aircraft for Foreign Military Sales.
Peraso and Virewirx demonstrate drone swarm technology.

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Strategic Implications

This contract modification may indicate continued demand for the F-35, which could benefit Lockheed Martin and its suppliers. The demonstration of drone swarm technology suggests a growing focus on advanced unmanned systems, which could have implications for future defense procurement.

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What Happened

Foreign Military Sales Deal Supports F-35 Production

Lockheed Martin has been awarded a $153.9 million contract modification by the US Navy to support the production of 11 F-35 Lightning II aircraft for a Foreign Military Sales customer. The contract includes funding for long-lead materials, parts, and components necessary for the production of the aircraft. Additionally, Peraso and Virewirx have announced the demonstration of a simulated drone swarm wireless technology. This news was first reported by Aviation Week.

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