Lockheed Martin expects another F-35 contract


Lockheed Martin (LMT) expects to sign a contract with the U.S. government this summer for an eighth batch of F-35 fighter jets.

The previous three F-35 contracts were reduced by 4-5% due to the large quantity of the order, although Lockheed Martin does not expect to give any reductions for this agreement, as it is for only 43 jets.

The deal could be signed before the end of June.

From other sites
Comments (2)
  • jake319
    , contributor
    Comments (105) | Send Message
     
    The F35 is a non proven aircraft. The US and any other country that buys the F35 will have huge additional costs just get it to fly. Corporate welfare!
    10 Jun 2014, 09:00 AM Reply Like
  • California Dividend Bull
    , contributor
    Comments (211) | Send Message
     
    Unfortunately this is true. As a tax paying citizen I don't like it but as an LMT shareholder I do... What a dilemma!
    10 Jun 2014, 10:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs