Matthew Nelson
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.
