Lockheed Martin Corporation (LMT) Secures Foreign Military Sale Contract Through Wright-Patterson Air Force Base

Lockheed Martin Corporation (NYSE:LMT) is one of the Best Aerospace and Defense Stocks to Invest In Right Now. On February 18, Lockheed Martin Corporation (NYSE:LMT) announced securing a major foreign military sale contract through Wright-Patterson Air Force Base. The contract entails delivering C-130J training devices and upgrades to the Royal Australian Air Force (RAAF). The deliveries for this contract are expected to start in 2029.

​The equipment to be delivered under the contract includes two weapon systems trainers, including full-mission simulators for pilots and the crew, an Enhanced Integrated Cockpit Systems Trainer, and upgrades to the existing Virtual Simulation and Virtual Maintenance Trainers of the RAAF.

​The report noted that RAAF is a leader in C‑130 operations. In 2022, the US approved the sale of 24 additional C‑130J‑30 airlifters. In 2023, Australia used the approval to acquire 20 new C‑130J‑30 aircraft, with the first aircraft to be delivered in 2028.

​Lockheed Martin Corporation (NYSE:LMT) is one of the world’s largest defense contractors. It specializes in the research, design, and development of advanced technology systems, products, and services.

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Disclosure: None. This article is originally published at Insider Monkey.