Bad news for global stability usually means good news at defense giants like Lockheed Martin. With the threat of terrorism and, as a result, military budgets on the rise, the company is enjoying a favorable outlook. One of Lockheed’s major moneymakers is its F-35 joint strike fighter jet, which accounts for a fifth of its business. President Trump used the pricey aircraft to demonstrate his prowess as a negotiator; Lockheed later agreed to sell 90 of them to the Department of a Defense for $700 million less than the previous batch. Meanwhile the world’s largest defense contractor divested its Information Systems and Global Solutions group as it integrated Sikorsky Aircraft, a 2015 acquisition.
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China and Russia are already ahead on this.
The extended version fired late Friday night can fly more than 500 miles.
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The Pentagon aims to buy 77 Lockheed Martin Corp. F-35 jets in the new fiscal year