Lockheed Martin's Sikorsky secures about $11 billion US navy contract
1. Sikorsky received an $11 billion U.S. Navy contract for helicopters. 2. The contract includes production of up to 99 CH-53K King Stallion aircraft.
FAQ
Why Very Bullish?
This contract significantly enhances LMT's revenue and backlog, similar to previous defense contracts that led to stock price increases.
How important is it?
The sizable contract underlines LMT's strong positioning in defense, reinforcing investor confidence.
Why Long Term?
The contract secures stable long-term revenue over multiple years, improving LMT's financial outlook.