Lockheed Martin Wins $870M Deal to Aid F-35 Fighter Aircraft

Lockheed Martin Corp. (LMT) recently secured a contract worth $870 million involving its F-35 fighter jet program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the DealThe contract is expected to be completed by May 2031. Per the terms of the deal, Lockheed will procure long lead materials, parts, components and associated support for the F-35 aircraft of the 20th production lot.The contract will serve the U.S. Air Force, Navy, Marine Corps, non-U.S. Department ...