IAALF - IBC Advanced nabs $9.7M in new orders from Lockheed Martin
Lockheed Martin awarded IBC Advanced ([[IAALF]] -3.4%) new purchase orders totaling ~$9.7M to produce two aerospace-qualified beryllium-aluminum components for the F-35 Lightning II aircraft over the next 26 months.Current order represents a 24% increase over previous three-year purchase order from Lockheed Martin.One purchase order involves production of the azimuth gimbal housing unit used in the F-35’s Electro-Optical Targeting System.
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IBC Advanced nabs $9.7M in new orders from Lockheed Martin