Lockheed Martin wins $58.62B PAC-3 MSE contract
The multiyear deal increases production capacity and adds 650 jobs in Arkansas.
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Aerospace and defense technology company
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In short: Lockheed Martin reported a record $230 billion backlog and 11% sales growth while expanding missile production and autonomous tech deals.
The multiyear deal increases production capacity and adds 650 jobs in Arkansas.
Net earnings were $1.8 billion, cash from operations $3.2 billion, and record backlog of $230 billion.
The uncrewed aerial system achieved VTOL and hover, and will proceed to more testing at a government facility.
The investment expands manufacturing capacity, modernizes facilities, and builds workforce for faster delivery.
Lockheed Martin expects annual F-35 production to remain at 156 aircraft, Chief Executive Jim Taiclet said.
Pentagon seeks $67B emergency funding, including $18.2B to replace Patriots, Tomahawks & THAAD plus new missiles from RTX and Lockheed.
The company just inked a missile "mega" deal.
Lockheed Martin just got a missile “mega” deal. It’s good news for Lockheed stock.
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