Lockheed Martin Awarded $2.9 Billion F/A-22 Raptor Lot 5 Production Contract

Posted on: Nov. 15th, 2005 || Source: biz.yahoo.com | E-mail Article | Print Article

MARIETTA, Ga., Nov. 15 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE: LMT - News) has been awarded a $2.9 billion fixed-price contract by the U.S. Air Force for continued production of F/A-22 aircraft through November 2007.

"As the Air Force has announced, we have concluded negotiations to produce 24 F/A-22 5th Generation stealth fighter aircraft as previously authorized in the FY-05 Defense Budget. This is great news for the Department of Defense, the U.S. Air Force and the nationwide F/A-22 Raptor team," said Larry Lawson, Lockheed Martin executive vice president and F/A-22 program manager.

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