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Today's Headlines
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Lockheed Gets $2.4 Billion Deal to Provide Parts, Materials for F-35 Joint Strike Fighters
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July 30, 2007 -- The U.S. Navy has awarded Lockheed Martin Corp. a $2.4 billion contract for Joint Strike Fighter materials and parts. Lockheed's aeronautics division will provide take-off and landing equipment for six F-35s for the Air Force and short take-off and vertical landing systems for six F-35s for the Marine Corps. In April, the Pentagon signed off on initial production of two Joint Strike Fighters, a single-engine fighter jet, and advanced materials to build 12 more F-35s. Lockheed is building the jets for the Marines, Air Force and Navy at an estimated cost of $276 billion. Shares of Lockheed rose $1.17 to $100.45 in extended trading, after shares ended the regular trading down $1.30 to $99.28.
Source: FinancialWire
Source: Factiva
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