Lockheed Martin (LMT) was awarded an $879.1M firm-fixed-price order against a previously issued basic ordering agreement. This order provides for the production and delivery of Lot 18-19 aircraft armament equipment which includes various missile launchers, bomb racks, gun systems, pylons, and adapters in support of ensuring the functionality and readiness of various armaments to support F-35 aircraft delivery schedules for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of War participants. Work will be performed in Fort Worth, Texas, and is expected to be completed by February 2030. Naval Air Systems Command is the contracting activity.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin price target lowered to $571 from $675 at Citi
- This Billionaire Just Loaded Up on These U.S. Defense Stocks
- “No More Waivers Like Candy,” Says Trump as Lockheed, RTX Face China Rare-Earth Deadline
- Xanadu Stock Drops after Q1 Earnings, but Analysts See Big Upside for XNDU
- Lockheed Martin awarded $991.13M Navy contract
