Lockheed (LMT) Wins $1.8B Contract to Support F-35 Program

News just in ....
Thu, July 1, 2021, 10:27 PM
Lockheed (LMT) Wins $1.8B Contract to Support F-35 Program
Lockheed Martin Corp.’s LMT business segment, Aeronautics, recently secured a contract to procure recurring logistics services for delivered F-35 jets. The deal has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $1.8 billion, the contract is expected to be completed by December 2021. Per the terms of the deal, Aeronautics will provide ground maintenance activities, action request resolution, depot activation activities and automatic logistics information system operations. It will also offer maintenance, reliability, maintainability and health management implementation and support, supply chain management and activities to provide and support pilot and maintainer initial training.
As of Mar 28, 2021, Lockheed Martin delivered 628 F-35 airplanes since the program's inception with 339 jets still in backlog. This surely boosts sales expectation for the Aeronautics business segment in the coming days.Moreover, the production of F-35 jets is expected to continue for many years, given the U.S. government's current inventory target of 2,456 aircraft for the Air Force, Marine Corps and Navy. Consequently, we expect Lockheed Martin to witness more order inflows for F-35 and its associated upgrades, like the latest one, which, in turn, should bolster this defense contractor’s top line.
https://www.yahoo.com/finance/news/lockheed-lmt-wins-1-8b-152703966.html
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Go QHL !! all good news for QHL ...... this stock will pop any day if news like this continues. imo