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Lockheed wins preliminary deal worth up to $5.37 bln for more F-35s
November 3, 2015 / 10:17 PM / 2 years ago

Lockheed wins preliminary deal worth up to $5.37 bln for more F-35s

WASHINGTON, Nov 3 (Reuters) - Lockheed Martin Corp has been awarded a preliminary contract valued at up to $5.37 billion to build a ninth batch of 55 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Tuesday.

The Pentagon’s F-35 program office said it expected to finalize the terms of the contract with Lockheed, its No. 1 supplier, by the end of the year.

The department said the deal would allow Lockheed to receive $625 million in funding immediately, a move aimed at preventing major delays in production of the new stealthy fighter jets.

Reporting by Andrea Shalal; Editing by Bernard Orr

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