Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Lockheed Martin gets $5.6B payment to finance F-35 batch

Published 07/07/2017, 05:37 PM
© Reuters.  Lockheed Martin gets $5.6B payment to finance F-35 batch
LMT
-
  • Lockheed Martin (LMT +1.5%) has received a $5.6B interim payment to help finance the latest batch of 148 F-35 jets, the Defense Dept. says.
  • That's the 11th batch of what is expected to be a total of 2,457 jets. All told, the Pentagon expects to spend $391B on development and purchase of the planes, its most expensive weapons program.
  • The interim financing will allow production to continue while Lockheed and the Pentagon finalize terms of the 11th contract.
  • Now read: Lockheed Martin: Look For The Exit


Original article

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.