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%.
The 50th International Paris Air Show is being held from June 17 -23. The Financial Post’s Scott Deveau is in Paris this week to cover the event. Read his first dispatch about hitching a ride to the air show on a Bombardier Q400 turboprop plane.