Why Lockheed Martin Stock Zoomed Higher Today

In its press release touting the news, Lockheed quoted its chief operating officer, Frank St. John, as saying that the new pact "reflects our commitment to advancing global security by partnering with U.S. allies to develop, manufacture and sustain 21st century deterrence solutions." The company did not provide any financial details about its arrangement with KAI. Strengthening ties with a long-standing partner Lockheed announced that it and Korea Aerospace Industries (KAI) have signed a memorandum of under ...