Lockheed Martin signs new framework agreement with US government
The multiyear deal aims to enhance cost predictability, strengthen the supply chain, and ensure long-term stability for the F-35 program workforce and global suppliers.
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Aerospace and defense technology company
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In short: Lockheed Martin posted record Q3 results, a $292B backlog, and an 850-jet F-35 deal.
The multiyear deal aims to enhance cost predictability, strengthen the supply chain, and ensure long-term stability for the F-35 program workforce and global suppliers.
The company achieved record orders of $79 billion and net sales of $53.8 billion, driven by significant F-35 program growth.
Third quarter sales reached $20.7 billion with net earnings of $1.8 billion. Backlog hit a record $292 billion and the company raised its full-year financial outlook.
The deal covers 850 aircraft over ten years aiming to save billions and boost supply chain resilience and fleet readiness.
A more powerful Patriot interceptor designed to destroy enemy missiles at greater distances and altitudes will be produced for the Army.
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