US Department of Defense awards mega contract worth around $135 billion to defense companies

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1. 1The US Department of Defense announced on Wednesday a mega contract worth approximately $135 billion awarded to major defense companies
2. 2The Army unveiled a seven-year, $59 billion Patriot contract with Lockheed Martin (LMT), while the Department of Defense announced a nuclear submarine contract worth up to $76.6 billion with General Dynamics (GD) and Huntington Ingalls (HII)
3. 3The multi-year contracts are aimed at securing suppliers and boosting confidence in production expansion, coming amid growing concerns over weapons stockpile depletion due to a war with Iran

Source Bloomberg +2 · View original ↗

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