Lockheed Martin (LMT) Secures 10 Year Framework For 850 F 35 Jets

Lockheed Martin (NYSE:LMT) and the Pentagon announced a 10-year framework to supply 850 F-35 fighters for U.S. and allies. The framework includes a planned US$7b Lockheed Martin investment aimed at expanding F-35 production capacity and improving factory efficiency. Multiyear contracting is intended to support long term supply chain planning, taxpayer savings, and employment across the defense industrial base. The proposed decade long F-35 framework is a major shift that investors may want...