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Lockheed Martin Delivers First F-16 Block 70 Jet to Bulgaria

1. Lockheed Martin delivered its first F-16 Block 70 to Bulgaria. 2. Bulgaria ordered a total of 16 F-16 aircraft for modernization. 3. The F-16 bolsters Bulgaria’s air capability and allied defense efforts. 4. 117 F-16 Block 70/72 jets are in Lockheed Martin's production backlog. 5. The program supports over 46,000 American jobs in the defense sector.

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Why Bullish?

The successful delivery of F-16 jets enhances LMT's growth potential and order backlog, which has historically driven price increases. For instance, deliveries related to international contracts have often resulted in favorable stock performance.

How important is it?

The article outlines a significant contract and delivery affecting LMT’s business trajectory, adding weight to its overall influence on stock performance.

Why Long Term?

The ongoing production of F-16 jets and continuous demand from international partners like Bulgaria indicates sustained revenue growth long-term. Historically, similar defense contracts have led to lasting positive impacts on stock prices.

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, /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced the delivery of the first F-16 Block 70 jet to Bulgaria, marking a major step forward in the country's efforts to modernize its air force.  The delivery was celebrated in a ceremony last Friday morning in Greenville, South Carolina, attended by Bulgaria's Minister of Defence, Atanas Zapryanov, alongside American and Bulgarian leaders. F-16s are built by the Lockheed Martin team in Greenville. Bulgaria has ordered 16 total aircraft.   Video highlights from the first flight and reveal of Bulgaria's first F-16 Block 70 The ceremony delegation takes a photo with the Bulgarian F-16 Bulgarian Minister of Defence, Atanas Zapryanov, delivers remarks after the official reveal of Bulgaria's F-16 Bulgaria's F-16 Block 70 "The F-16 will help the Bulgarian Air Force stay ahead of threats in the region and play a key role in the allied peacekeeping mission in Europe and around the world," said Mike Shoemaker, vice president and general manager – Integrated Fighter Group. "The F-16 has proven its air dominance time and again, and the Block 70 version will give the Bulgarian Air Force a highly capable, combat-proven aircraft."   Lockheed Martin has a backlog of 117 F-16 Block 70/72 jets to be produced in Greenville, with 23 already delivered for international partners. The F-16 program supports more than 46,000 American jobs, making it a vital part of the country's industrial base. Download more Bulgaria F-16 Block 70 delivery ceremony photos.About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com. SOURCE Lockheed Martin Aeronautics WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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