Lockheed Martin Wins Nearly $40 Mln Contract for F-16 Training for Royal Jordanian Air Force (NYSE:LMT)


Lockheed Martin (NYSE:LMT) won a nearly $40 million contract to provide a simulation-based F-16 training environment for the Royal Jordanian Air Force. The security and aerospace company said the contract includes providing a “comprehensive suite of full mission trainers and combat tactic trainers that can be networked together, aligning technologies to deliver advanced training while meeting affordability goals.” The company will begin providing for the contract in 2018. “By fielding a family of training systems, we can help the Royal Jordanian Air Force reserve higher fidelity devices for more advanced training scenarios and optimize their pilot throughput in training,” said Sandy Samuel, vice present of Lockheed Martin’s Training and Simulation Solutions. The company has providing F-16 training and services to services for 15 allied nations. Shares for Lockheed Martin were last up 0.75% in pre-marking trading.

The stock increased 0.11% or $0.26 during the last trading session, hitting $245.79. About 946,531 shares traded hands. Lockheed Martin Corporation (NYSE:LMT) has risen 14.12% since February 23, 2016 and is uptrending. It has outperformed by 2.42% the S&P500.

Lockheed Martin Corporation is a global security and aerospace company. The company has a market cap of $74.22 billion. The Firm is engaged in the research, design, integration and sustainment of advanced technology systems, services and products. It has a 20.45 P/E ratio. It operates in five divisions: Aeronautics; Information Systems & Global Solutions ; Missiles and Fire Control (MFC); Mission Systems and Training (MST), and Space Systems.

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