Lockheed Martin, F-35
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The defense contractor's shares fell on Wednesday amid a report that the Pentagon was only requesting 24 F-35s from Congress.
Lockheed has booked a U.S. Army contract modification to supply M-TADS/PNVS night vision sensor systems for Apache helicopters.
So Lockheed Martin is likely to like the president's proposals (both of them). The more so seeing as it's been only a couple of months since the Air Force handed Lockheed a rather shocking defeat, when it awarded the $20 billion contract to build a sixth-generation stealth fighter, the F-47, to rival Boeing ( BA 0.96%).
Lockheed Martin has been awarded a $1 billion contract modification to continue its support for the U.S. Navy’s Conventional Prompt Strike (CPS) hypersonic weapons program, the Department of Defense announced.
Lockheed Martin got a $1.74 billion contract from the U.S. Army for work on a night-vision system. The Defense Department said Friday it added the amount to Lockheed's contract for the modernized target acquisition designation sight/pilot night vision system.
The Pentagon is reducing its request for Lockheed Martin F-35 jets. The Air Force seeks 24 jets, down from 48. The Navy's request is also lower. The Marines will also see a reduction in funding. Lockheed Martin anticipates a finalized contract for the F-35.
After a month on the picket lines, more than 300 Lockheed Martin workers at Waterton Canyon joined with UAW colleagues in Orlando to approve a new five-year contract.
Northrop Grumman edges out Lockheed Martin as a top defense stock pick. Though we're reiterating our Buy rating on both, read more on why NOC is rated higher than LMT.
This measure results in the outright cancellation of a contract worth 285 million euros ($310 million) intended to equip the Spanish army and Marines