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Lockheed Martin (NYSE: LMT) is awarded a $ 22.7B contract from the US Navy to deliver 255 F-35s, the Department of Defense announcements.
The contract calls for LMT to deliver 106 combat jets and the remaining planes for non-military use and foreign military customers, with planned completion by March 2023.
LMT has been under pressure from the Pentagon to deliver cheaper F-35s.
LMT also won a $ 382M contract to deliver eight MH-60R helicopters for the Naval Air Systems Command.
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