Lockheed Martin Corp. won a $22.7 billion contract from the U.S. Navy to deliver 255 aircrafts of the F-35 family.
According to the deal, Lockheed’s Aeronautics division's aircrafts will be allocated as follows: 64 F-35As for the U.S. Air Force, 26 F-35Bs for the Marine Corps,16 F-35Cs for the Navy, 89 F-35s for non-Department of Defense (DoD) participants and 60 F-35s for Foreign Military Sales customers.
What makes this deal potentially even more crucial for Lockheed Martin is that F-35 aircraft models accounted for 27% of the company’s revenues in the third quarter this year, and helped its Aeronautics’ division’s annual revenues to increase by 19.6%.