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Lockheed Martin (LMT) Secures $450M Contract to Commence Production of Multi-Mission Surface Combatant for Kingdom of Saudi Arabia
July 20, 2018 7:29 AM EDTThe U.S. government awarded Lockheed Martin (NYSE: LMT) an Undefinitized Contract Action (UCA) award for the production of the Multi-Mission Surface Combatant for the Kingdom of Saudi Arabia.
Lockheed Martin is being awarded a contract totaling $450 million to begin the detailed design and planning for construction of four Multi-Mission Surface Combatants (MMSC) that will be built at Fincantieri Marinette Marine shipyard in Marinette, Wisconsin.
The Kingdom of Saudi Arabia (KSA) will acquire four Multi-Mission Surface Combatants as part of a larger agreement between the United States and KSA to enhance... More
Boeing (BA) Reports Agreement with Novus Aviation Capital for Up to Four 777-300ERs Valued at Approx. $1.44B
July 19, 2018 8:14 AM EDTBoeing (NYSE: BA) and Dubai-based aircraft lessor, Novus Aviation Capital, announced its first direct agreement with Boeing for up to four 777-300ERs (Extended Range) at the 2018 Farnborough International Airshow.
The commitment carries a list-price value of $1.44 billion and will be reflected on Boeing's Orders and Deliveries website once it is finalized.
"We are delighted to complete a new milestone in our investment strategy and our... More
