Lockheed Martin wins $114.63 million contract to redesign F-35 navigation systems
On October 23, 2026, Lockheed Martin received a $114.63 million U.S. Navy contract to redesign navigation equipment for the F-35 Lightning II. The work covers the Global Positioning System Electronic Unit and NAV100 Inertial Navigation System, replacing obsolete components while preserving existing compatibility and performance. Completion is expected by January 2030, with the effort intended to protect aircraft production and sustainment from supply-chain constraints.
Why it matters
The award adds funded engineering work for Lockheed Martin and supports continued availability of navigation equipment used across the F-35 fleet. The materials do not establish an immediate production stoppage or a new aircraft capability, so the direct investor consequence is the additional contract activity rather than a confirmed change in deliveries or operating performance.
Key facts
- 1The contract value is $114.63 million. gurufocus.com
- 2The project is scheduled for completion by January 2030. gurufocus.com
- 3The redesign covers the Global Positioning System Electronic Unit and NAV100 Inertial Navigation System. gurufocus.com
- 4Work is allocated among El Segundo at 70.1%, Fort Worth at 27.5%, and Clearwater at 2.4%. militaryaerospace.com
Open questions
- The materials do not identify the obsolete components being replaced or provide intermediate qualification and delivery milestones.
- The materials do not establish when redesigned units will enter production or whether any current aircraft deliveries have been delayed.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.