Lockheed gets $4.9bn F-35 funding

Lockheed Martin Corp was awarded up to $4.9bn in additional funding for its F-35 Joint Strike Fighter programme, the Pentagon announced yesterday, providing a significant end-of-year boost in orders for the largest US defense contractor. The US Defence Department said it had reached agreement with Lockheed on a preliminary contract valued at up to $3.68bn for 31 F-35s in a sixth batch of planes to be built for the US military, with details to be finalised the coming year.

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