- Lockheed Martin Corp (NYSE:LMT) has secured a ~$7.8 billion contract modification from the U.S. Navy.
- The modification exercises options for the production and delivery of 126 Lot 17 F-35 aircraft to include 81 F-35A aircraft, 26 F-35B aircraft and 19 F-35C.
- It also exercises options to provide for air system diminishing manufacturing sources integration, software data loads, critical safety items, and red gear for the Air Force, Marine Corps, Navy, non-Department of Defense participants, and Foreign Military Sales customers.
- Additionally, LMT announced it secured a $615 million full-rate production contract to manufacture additional HIMARS launchers and associated equipment from the U.S. Army.
- Lockheed Martin builds HIMARS at its Precision Fires Center of Excellence in Camden, Arkansas.
- LMT secured another contract from the U.S. Army, a not-to-exceed $4.79 billion contract to manufacture two full-rate production lots of GMLRS rockets and associated equipment.
- The contract calls for production and integrated logistics support for the U.S. Army and international partners. It will be completed in 2026.
- Price Action: LMT shares closed lower by 0.12% at $464.45 on Friday.
Cathie Wood’s Ark Invest Purchases Over $30M of Shopify Shares Amid Q1 Numbers-Driven Plunge; Adds Reddit Shares To Kitty — Offloads Coinbase Stock As Bitcoin Declines
On Wednesday, Cathie Wood’s Ark Invest made some significant trades.
