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04:02 PM EDT, 09/29/2020 (MT Newswires) -- Lockheed Martin's ( LMT

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Aeronautics business unit has reportedly obtained a modification contract worth $709.8 million from the Naval Air Systems Command for procuring material to support low rate initial production of F-35 aircraft, according to Zacks Equity Research.

The contract is expected to be completed by May 2026, and majority of the work will be carried out in Fort Worth, Texas, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
 
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