Moog Receives F-35 Component Production Contracts

Lockheed Martin has awarded Moog contracts worth potentially $400M over three years to produce control components for the F-35 aircraft.

Moog said Wednesday it will manufacture electro-hydrostatic and wingfold actuators and flap drive systems.

“F-35 will be in service for decades, and we’re committed to providing our warfighters the very best equipment,” said Ralph Elbert, group vice president at Moog's military sector.

The Department of Defense and Lockheed closed on a $34B contract in October for lots 12 through 14  production of F-35s.

Greg Ulmer, executive vice president and general manager of the F-35 program at Lockheed, said cost reduction measures have worked to reduce the price tag for all three aircraft variants.

He noted that unit cost for the conventional takeoff-and-landing variant dropped below $80M for production lot 13.