Lockheed Martin's (NYSE: LMT) F-35 stealth fighter jet is a marvel of technology. It could also do marvelous things for Lockheed Martin's stock.
Lockheed Martin is the nation's largest pure-play defense contractor, producing at one and the same time the world's most popular fighter jet (the F-16 Falcon Opens a New Window. ), the most popular military aircraft that's not a fighter jet (the C-130 Hercules Opens a New Window. ), and the most popular combat helicopter as well (the Sikorsky Black Hawk Opens a New Window. ). As it steps into the 21st century, Lockheed is aiming to ensure its dominance of military aerospace with its newest product, the F-35 Lightning II joint strike fighter.
Lockheed Martin took another big step toward that goal last month, when the Pentagon announced -- in its daily recap of big contracts Opens a New Window. -- that it has just awarded Lockheed Martin $7.2 billion in new F-35 contracts. As the Pentagon explained, Lockheed has been asked to produce 90 new F-35s in various configurations for various buyers, including:
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WNU Editor: Lockheed is not the only U.S. aerospace giant that is profiting from policies pursued by Washington .... Boeing seals $16.6 billion deal with Iran Air (CBS/AP). Sighhh .... it is always about the money.
2 comments:
It sure is Editor.
It sure is...
http://thesaker.is/chubais-the-next-neoliberal-head-to-roll-in-russia/
Well, like it or not, money is the spine of a country. The political use of it is an other debate.
For the F-35, I still wait to see it having the "test of fire" before giving it my approval.
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