Lockheed wins $459 million U.S. defense contract: Pentagon
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Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon
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Price: $501.61 +1.62%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +6.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +6.4%
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WASHINGTON (Reuters) - Lockheed Martin Corp (NYSE: LMT) is being awarded a $459.2 million modification to a previously awarded contract for production of additional Terminal High Altitude Area Defense (THAAD) interceptors and related services, the Pentagon said on Friday.
The change raises the value of the contract to $1.29 billion, the Pentagon said.
(Reporting by Eric Walsh; Editing by Eric Beech)
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