Lockheed Martin Just Landed A Bunch of New Contracts

The Pentagon announced on Friday that Lockheed Martin is being awarded a $1.38 billion defense contract for 130 F-35 Lightning II aircraft.

The Pentagon released a statement that said the advance acquisition contract covers long-lead time materials, parts, components and work for low-rate initial production of the fighter jets for the Air Force, Navy, Marine Corps, non-U.S. Department of Defense participants and foreign military sales customers.

Just days earlier it was also announced that Lockheed scored a $423 million U.S. defense contract for cost-plus-fixed-fee modification to a previously awarded low-rate initial production Lot 10 F-35 Lightning II aircraft.

In March the American global aerospace, defense, security and advanced technologies company was also awarded a $1.6 billion order-dependent contract for the Counter Fire Target Acquisition Radar System.

The company announced that it has contracted Guardtime Federal as a key supplier to integrate a variety of cyber-related elements into systems engineering processes, supply chain risk management and software development efforts.

Disclaimer: We have no position in Lockheed Martin Corporation (NYSE: LMT) and have not been compensated for this article.