U.S. awards defense contract of over $1 billion to Lockheed Martin
Reuters
Published Dec 23, 2022 06:10PM ET
Updated Dec 23, 2022 08:16PM ET
By Kanishka Singh
WASHINGTON (Reuters) -The U.S. awarded defense contracts to companies on Friday, including one of over a billion dollars to Lockheed Martin Corp (NYSE:LMT), the Department of Defense said in a statement.
"This contract procures long lead time materials, parts, components, and efforts necessary to maintain on-time production and delivery of 118 Lot 18 aircraft F-35 aircraft for the Air Force, Marine Corps, Navy, non-U.S Department of Defense participants, and Foreign Military Sales customers," the department said on the $1.05 billion Lockheed contract.
Earlier this month, Lockheed Martin received a Defense Department contract worth $431 million to deliver new High Mobility Artillery Rocket Systems (HIMARS) and support services for the U.S. Army and its foreign allies.
Separately, Boeing (NYSE:BA) Co was awarded a $497 million firm-fixed-price contract for CH-47F helicopters, the department said on Friday, adding Dec. 30, 2025, was the estimated contract completion date.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.