Lockheed Martin receives $150M contract |
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Mon, 02 Apr 2007 19:08
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FORT WORTH, Texas (AP) - Defense contractor Lockheed Martin Corp. said Monday that it received a $150 million contract from Mitsubishi Heavy Industries to make components for five additional F-2 production aircraft.Mitsubishi Heavy is the prime contractor for the F-2, Japan's operational support fighter.The Japanese government recently authorized the total production of 94 F-2 aircraft, with Lockheed's new deal bringing the total aircraft under contract to 86.Under the new pact, Lockheed will provide all of the aft fuselages, wing leading-edge flaps and stores management systems; 80 percent of all left-hand wing boxes and other avionics and avionics support equipment.Lockheed components are shipped to Mitsubishi Heavy's Komaki-South plant in Nagoya, Japan, and are assembled with other components by Mitsubishi Heavy to form the F-2.Deliveries under the new contract are set to begin in February 2008.Lockheed began delivering F-2 components to Mitsubishi Heavy in 1998.Shares of Lockheed Martin added 7 cents to $97.09 in afternoon trading on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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