Lockheed Martin signs contract with US Department of Defense to produce and maintain 850 F-35 fighter jets
LMT Lockheed Martin Corp
$551.51 +0.51%
View chart & analysis → - 1Lockheed Martin has signed an initial contract with the US Department of Defense for the production and maintenance of 850 Lockheed Martin F-35 Lightning II fighter jets over the next 10 years.
- 2Lockheed Martin aims to maintain an annual aircraft production rate of 156 units.
- 3Lockheed Martin estimates it will generate approximately $79 billion in annual economic activity over the next 10 years.
So what's the key point?
Lockheed Martin has agreed with the US Department of Defense to build and manage 850 fighter jets. This contract is expected to create $79 billion in economic activity for the company over 10 years.
Source Reuters +1 · View original ↗
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