Yahoo Finance Kongsberg Defence secures NOK 1.2 billion contract for F-35 components
Kongsberg Defence&Aerospace, a subsidiary of Norway's Kongsberg Gruppen, has secured a NOK1.2 billion ($1 = NOK10.7398) contract to provide key components for Lockheed Martin Aeronautics' F-35 Joint Strike Fighter Program. The announcement was made on Friday.
The agreement encompasses the manufacturing of Rudders, Vertical Leading Edges, and Main Landing Gear Closeout panels for over 300 aircraft across three versions of the F-35. Lockheed Martin Aeronautics, a division of Lockheed Martin Corp (NYSE:LMT)., placed the order as part of its production plans for lots 18-19.
The production facility in Norway is expected to commence deliveries from this new order starting in 2025. This schedule is set to ensure consistent deliveries until 2027.
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