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Lockheed Martin Secures $24 Billion F-35 Fighter Jet Contract
Lockheed Martin Secures $24 Billion F-35 Fighter Jet Contract
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BTCCSquare news:
Lockheed Martin has finalized a monumental $24.3 billion deal with the U.S. Air Force for the delivery of 296 F-35 fighter jets. The contract, split into two production lots of 148 aircraft each, underscores Lockheed's dominance in the defense sector. The F-35A variant, the most cost-effective model, will constitute the majority of the order, catering to both domestic and international clients.
With annual revenues nearing $72 billion and profits of $4.2 billion, Lockheed Martin remains the world's most valuable pure-play defense stock. The company's focus on F-35 production is reshaping its identity, as evidenced by its 2024 delivery of 110 F-35s alongside other military aircraft.
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