Oct 24, 2017   SOURCE: BusinessWire

Orbital ATK Awarded $24 Million Contract from Lockheed Martin for F-35 Composite Structures

Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced today it has received an initial $24 million contract from Lockheed Martin (NYSE: LM) to produce additional composite components for the F-35 Joint Strike Fighter. Under the terms of the three-year contract, Orbital ATK will produce bullnose and blade seals at its facility in Clearfield, Utah. Orbital ATK currently produces upper and lower wing skins, engine nacelles and access covers for the F-35.

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An initial Lockheed Martin $24 million three-year contract for additional F-35 composite components ...

An initial Lockheed Martin $24 million three-year contract for additional F-35 composite components increases Orbital ATK production content on the Joint Strike Fighter Program (Photo: Business Wire)

The Lockheed Martin F-35 Lightning II is a fifth generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations, advanced sustainment and lower operational and support costs.

“Orbital ATK excels at providing advanced composite structures that require robust manufacturing processes to affordably fit our customer’s needs,” said Steve Earl, Vice President and General Manager of Orbital ATK’s Aerospace Structures Division. “We are pleased Lockheed Martin is entrusting us with additional work on the most advanced combat aircraft in the world – the F-35 Lightning II.”

About Orbital ATK

Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 13,000 people across the U.S. and in several international locations. For more information, visit www.orbitalatk.com.