Lockheed gets $320 mln US F-35 aircraft deal

Written by admin on March 25th, 2009

WASHINGTON, March 25 (Reuters) - Lockheed Martin Corp (LMT.N) is being awarded a U.S. Navy contract add-on worth up to $320 million for “long lead” items used in the F-35 Joint Strike Fighter, the Defense Department said Wednesday.

Work on the contract is expected to be completed in November 2011. The F-35 is being developed by Lockheed Martin for the U.S. Air Force, Navy and Marine Corps as well as for eight international partners — Britain, Italy, the Netherlands, Turkey, Canada, Australia, Denmark and Norway.

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