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Lockheed Martin Corporation's (NYSE:LMT) Aeronautics unit recently secured a contract for developing advanced hardware to support the F-35 Lightning II Technology Refresh 3 (TR3) System. The deal has been awarded by the Naval Air Systems Command, Patuxent River, Maryland.
Valued at $712.5 million, the contract will cater to the U.S. Marine Corps, Navy and non-U.S. Department of Defense (DoD) participants. Under the agreement, the company will design the TR3 System with full flightworthy certification, production readiness review and fleet release to support low-rate initial production of the 15th Lot of F-35 jets.
Work related to the deal is scheduled to be over by March 2023 and will be carried out in Fort Worth, TX.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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