LMT - Switzerland signs $6B procurement deal for Lockheed Martin's F-35 fighter jets

• Swiss officials on Monday formally signed a $6B procurement deal to acquire three dozen F-35 fighter jets from the U.S.
• The planes, manufactured by Lockheed Martin ( NYSE: LMT ), are expected to be delivered between 2027 and 2030.
• The procurement cost will include mission-specific equipment, weapons and ammunition, as well as logistics, mission-planning and training support, the Swiss government said in a statement.
• The new F-35 jets will support a planned refurbishment of Switzerland's air force and are to replace the country's aging fleet of F/A-18 Hornets and F-5 Tigers.
• The Swiss government chose the fighters in June in a competition against Boeing's ( BA ) F/A-18 Super Hornet, France's Rafale and the Eurofighter.

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