Lockheed Martin Lands $23 Billion Pentagon Contract
Defense contractor also gets a $382 million helicopter contract for the Naval Air Systems Command
Lockheed Martin Corp. has been awarded a roughly $22.7 billion contract from the U.S. Department of Defense to deliver 255 F-35 jets, a move that comes after the defense contractor was tasked with lowering the price of its planes.
The contract calls for Lockheed to deliver 106 combat jets for U.S. military use and the remaining planes for nonmilitary use and foreign military customers. Lockheed, the world’s largest defense contractor, is expected to complete the contract by March of 2023, according to the Defense Department.
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