Defense major Lockheed Martin (LMT) continues to score major wins. Yesterday, LMT secured a $225 million contract from the Naval Air Systems Command. Additionally, LMT has bagged a $30 billion contract for about 375 F-35 fighter jets with a deal term of three years. This mega contract comes as the fighter jet’s price is anticipated to increase owing to inflation and slow production. This ‘handshake deal’ is a step toward the final contract award.
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