Lockheed Martin (LMT +0.4%) announces the UK's Ministry of Defence selected the firm to lead a...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Lockheed Martin (LMT +0.4%) announces the UK's Ministry of Defence selected the firm to lead a £642M ($1B) contract as part of an overall $1.6B upgrade of the nation's military vehicles. The program to service the vehicles to beyond 2040 is expected to support 600 jobs in the U.K.