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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
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  • 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


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