7/103 sources · 3 publishersUpdated Oct 8, 22:25 UTC
Lockheed Martin awards BAE Systems multi‑billion dollar F‑35 electronic warfare contract
Lockheed Martin announced a contract for BAE Systems to supply and retrofit AN/ASQ‑239 electronic warfare systems for F‑35 Lot 20‑22 aircraft. The award includes new production and upgrades for earlier jets. BAE said it has delivered more than 1,500 such systems and will expand automation and facilities to meet the demand.
Why it matters
The contract adds over $1.2 billion of revenue for BAE Systems, boosting its defense earnings outlook, while Lockheed Martin secures a key supplier for the F‑35 fleet. The increased production capacity may improve supply chain resilience for both companies.
Key facts
- 1Lockheed Martin awarded BAE Systems a contract valued at over $1.2 billion for electronic warfare systems for F‑35 Lot 20‑22. defensedaily.com
- 2The contract covers new production and retrofit work for AN/ASQ‑239 systems on F‑35 aircraft. airforce-technology.com
- 3BAE Systems has delivered more than 1,500 AN/ASQ‑239 systems for the F‑35 program. airforce-technology.com
- 4BAE will use automation, updated designs and expanded facilities in Austin, Texas and New Hampshire to increase production rates. airforce-technology.com
- 5Financial terms of the transaction were not disclosed in the second source. airforce-technology.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.