Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,771.48
    +575.78 (+1.15%)
     
  • CMC Crypto 200

    1,325.71
    +48.73 (+3.82%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

Lockheed wins $920 mln deal for early work on next F-35 jet order

WASHINGTON, June 4 (Reuters) - Lockheed Martin Corp has won a contract valued at $920 million to start buying materials and parts for a tenth batch of 94 F-35 fighter jets, the Pentagon announced Thursday.

The "advanced procurement" contract will allow the company to start ordering parts and material that take a long time to procure, such as titanium, according to a spokesman for the Pentagon's F-35 program office.

Lockheed and the government are still negotiating the terms of the overall contract for jets in the 10th batch, a deal that will be valued at well over.

The order covers 78 F-35 A-model jets to be built for the U.S. Air Force, Italy, Turkey, Australia, Norway and a number of other countries; 14 F-35 B-model jets for the U.S. Marine Corps, Italy and Britain; and 2 F-35 C-model jets for the Navy and Marine Corps, according to a daily digest of large arms contracts. (Reporting by Andrea Shalal; Editing by Bernard Orr)