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.

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Comments (2)
  • jake319
    , contributor
    Comments (107) | 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
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