Lockheed receives $6B downpayment on 255 F-35’s

Lockheed receives $6B downpayment on 255 F-35’s

Recently we shared how the Trump Administration has not only pumped up the  Department of Defense Budget to $717 billion for 2018, but also encouraged the export of U.S. weaponry to foreign militaries as a means for driving down costs while also promoting domestic manufacturing. This is a clear thematic data point for Tematica’s Safety & Security investment theme and the increasingly defensive posture countries around the world are maintaining.

On the investment front, these developments have been a huge boost for Lockheed Martin’s (LMT) F-35 program.  Net sales for the F-35 program represented approximately 27% of Lockheed’s total consolidated 2018 third – net sales. Today, Defense News breaks down the impact of the $6 billion down payment for over 250 new F-35 jets:

The contacting action will help fund a total of 255 jets, including:

  • 64 F-35As for the U.S. Air Force in LRIP 12
  • 26 F-35Bs for the U.S. Marine Corps in LRIP 12
  • 16 F-35Cs for the U.S. Navy in LRIP 12
  • 89 F-35As and F-35Bs for international partner nations in LRIP 12, 13 and 14
  • 60 F-35As for Foreign Military sales customers in LRIP 12, 13, 14
  • Long lead parts for lot 14

Source: Lockheed gets $6B downpayment to start F-35 block buy

About the Author

Chris Broussard
I'm the Co-Founder and President of Tematica Research and editor of Thematic Signals, which aims to uncover confirming data points and items to watch for our list of investing themes. Whether its a news item, video clip, or company commentary, we've included this full list of items literally "ripped from the headlines." I have been involved in financial services marketing and publishing for over 20 years – having held senior level positions with financial publishers, financial services corporations and providing marketing support and consulting services to financial institutions and independent financial advisors. My background in digital marketing, financial services and consumer research provides me with a unique perspective on how to uncover the underlying proof points that are driving the themes our Chief Investment Officer Chris Versace utilizes in our various Tematica publications.

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