LMT - Lockheed Martin Lands New Multi-Billion Dollar Deal in Europe
2023-07-30 07:23:00 ET
Lockheed Martin 's (NYSE: LMT) F-35 Lightning II stealth fighter jet is arguably history's most successful weapons system -- from an investor's point of view.
The United States alone plans to purchase some 2,500 units of the fifth-generation stealth fighter. International purchases could more than double that number over the coming years. Since the first X-35 prototype plane flew in 2000, Lockheed has built nearly 1,000 of these fighters, and eventually the F-35 program could be worth $1 trillion or more to Lockheed .
Even for a defense giant that generated $66 billion in revenue last year, that's a very big deal --- and it just got a little bit bigger.
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Lockheed Martin Lands New Multi-Billion Dollar Deal in Europe