New production facilities for F-35

• Lockheed Martin (NYSE:LMT +0.7%) will expand production for components of the F-35 Lightning II with a new facility in Johnstown, including more than 40 new jobs by the end of 2018.
• The company is in the process of finalizing plans to lease and equip an additional facility to accommodate this new work, and begin producing a subset of parts for the program beginning in Q4.