Lockheed Martin Corporation (LMT) has announced a deal with the Republic of Korea for 40 F-35 Lightning II fighter jets. The deal is valued at nearly $7 billion and is expected to be finalized sometime in the latter half of the year.
By Cristina Tov:Lockheed Martin's (LMT) aeronautic segment is its main revenue driver, contributing around 30% to total revenue. For the first nine months, this segment has generated revenue of $10.2 billion with a year-over-year decline of 5.4%.
A Pentagon document The production of the F-35 Joint Strike Fighter – the world’s most sophisticated and expensive combat aircraft – has been derailed after engineers discovered that the jet’s fuel tank could explode if struck by lightning.