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Lockheed Martin Stock Rises on Trump’s F-35 Sales Approval to Saudi Arabia

Lockheed Martin Stock Rises on Trump’s F-35 Sales Approval to Saudi Arabia

Author:

Global Cryptocurrency

Published:

2025-11-17 22:30:02

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BTCCSquare news:

Defense contractor Lockheed Martin (LMT) saw its shares close 1% higher amid broader market declines after U.S. President Donald TRUMP confirmed plans to permit F-35 fighter jet sales to Saudi Arabia. The announcement, made during a White House press briefing on November 17, precedes Saudi Crown Prince Mohammed bin Salman's scheduled visit.

The F-35, manufactured exclusively by Lockheed Martin, is the world's most advanced stealth fighter, with existing commitments from allies including Australia, Israel, and the U.K. The deal signals strengthened U.S.-Saudi military ties and coincides with diplomatic efforts to normalize Saudi-Israeli relations post-Gaza conflict.

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