The buildup of America’s fleet of aircraft and munitions means billions more in military contracts for Lockheed Martin Corp. and its related divisions.
The world’s biggest defense contractor was awarded a $2.2 billion “indefinite delivery/indefinite quantity” contract on June 12 by the Maryland-based Naval Air Systems Command. The contract provides upkeep and maintenance for the F-35 Lightning II Joint Strike Fighter Air Systems for the U.S. Air Force, U.S. Navy and U.S. Marine Corps, as well as F-35 Cooperative Program partners and other foreign military customers.
The contract includes initial engineering and technical services, fleet management, interim contractor support and a maintenance plan for new operational sites as well as one-time setup of land- and sea-based fleet support operations.
About 85% of the work will be done in Fort Worth with the remainder occurring in Orlando, Florida. The contract will be completed by December 2028.
Money for the work will be earmarked on individual orders when those are issued.
National defense production ramped up after the United States launched military action against Iran. On Tuesday, the U.S. Senate approved a war powers resolution that rebuked President Donald Trump by calling for an end to military strikes, the Associated Press reported. By Thursday, some Senate Republicans had reversed their votes after pressure from the president.
Lockheed Martin received about $43.8 billion in new or expanded military contracts over a six-month period after contributing millions to the White House’s ballroom construction project, according to a November 2025 report by Public Citizen, a nonprofit watchdog group.
The defense contractor’s F-35 fighter fleet is expected to cost $1.7 trillion, according to the report. Despite cost overruns, a “substantial number” of aircraft will be procured by the federal government despite operational concerns with the aircrafts.
A Lockheed Martin spokesperson told the Washington Post in November that the company works closely with each presidential administration.
“We maintain strong working relationships with every administration to ensure our armed forces and allies are equipped with the most advanced technologies to deter and defeat evolving threats,” the spokesperson told the newspaper.
The June boom in military contracts comes after an agreement between the defense contractor and about 5,000 of the company’s International Association of Machinists and Aerospace Workers District 776. The new contract includes wage increases between 4% and 6%, increased vacation time, no mandatory overtime schedules, a $6,000 bonus and improvements to retirement benefits.
The Lockheed Martin F-35 fighter jet assembly plant is located in Fort Worth. (Courtesy | Lockheed Martin)
The agreement comes on the heels of Lockheed Martin’s record-breaking 2025. The company assembled 191 F-35 aircraft at its plant at Naval Air Station Joint Reserve Base Fort Worth.
The F-35 program supports more than 254,000 jobs through 1,800 suppliers across 48 states and Puerto Rico.
On June 17, Lockheed Martin celebrated the 75th anniversary of its Marietta, Georgia, facility that makes the C-130 Hercules aircraft — the longest continuously running military aircraft production line in history.
“We honor a legacy built on excellence, commitment, community and innovation while looking toward the next 75 years of developing and delivering capabilities that matter,” said O.J. Sanchez Jr., president of Fort Worth-based Lockheed Martin Aeronautics Co.
Missile, aircraft work
Earlier this month, Lockheed Martin and its aeronautics division were awarded a $154 million contract modification on a previously awarded F-35 contract to produce aircraft for foreign military customers.
Most of the work — 59% — will be performed in Fort Worth with additional work to be completed in other locations. Work is expected to be completed by December 2030.
The Fort Worth workers will also participate in a separate $525 million military contract awarded June 12 to Connecticut-based Sikorsky Aircraft Corp., a Lockheed Martin company.
That contract calls for highly specialized engineering, integration and flight-test support for the development and modernization of the Y/CH-53K Heavy Lift Helicopter program.
Only about 5% of the helicopter work will be completed in Fort Worth.
A diagram shows how the PAC-3 MSE missile system works in conjunction with radar controls. (Courtesy | Lockheed Martin Corp.)
In Grand Prairie, Lockheed Martin workers are increasing production capacity of Precision Strike Missiles.
That facility was awarded an $8.4 million contract modification on June 23 for missile production, development and management through fiscal year 2032. The modification brings the total cumulative face value of the contract to $13.3 million. The expected completion date is September 2032.
Lockheed Martin’s other divisions also won significant military contracts.
The company’s Virginia-based rotary and mission systems was awarded a $223 million contract modification for engineering design, development and production support for missile systems.
Colorado-based Lockheed Martin Space was awarded an $83 million contract modification for assembled missiles by the Strategic Systems Programs of Washington, D.C. That work will be completed by June 2029.
The U.S. Space Force awarded the defense contractor a $514 million contract to build Global Positioning System IIIF Space Vehicles 23 and 24. Lockheed Martin is building 32 satellites for the system.
On June 17, Lockheed Martin was among the companies named by the Air Force for the Collaborative Combat Aircraft program, which will include aircraft and mission autonomy software to advance combat capabilities.
The six-year contract will provide the framework for continuous competition and rapid software development, officials said.
Another big contract will increase work at Lockheed Martin’s new Alabama-based Munitions Production Center.
Officials announced Thursday that the company’s Dallas-based missiles and fire control division was awarded a seven-year contract worth up to $35 billion to quadruple production of Terminal High Altitude Area Defense interceptors. That system is used to target short- to intermediate-range ballistic missiles.
Eric E. Garcia is senior business reporter at the Fort Worth Report. Contact him at eric.garcia@fortworthreport.org.
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