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Lockheed Martin says the US is interested in its '5th-generation-plus' F-35 that uses tech from its failed 6th-generation bid

1. LMT's CEO reveals government interest in F-35 'fifth-generation-plus' upgrades. 2. The upgraded F-35 could match 80% of Boeing's F-47 capabilities for lower costs. 3. Taiclet anticipates formal discussion of F-35 upgrades at the White House soon. 4. The government has significant interest in modernizing aircraft technology. 5. Lockheed's stock rose 8% following the announcement despite earlier losses.

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FAQ

Why Bullish?

The upgrade concept for the F-35 aligns with defense modernization interests, presenting potential growth opportunities for LMT. Historically, strategic contracts and modernization projects have positively impacted LMT's stock, notably during the F-35's development phases.

How important is it?

The article highlights significant government interest, directly influencing LMT's potential for future contracts, making it a pivotal update in a competitive market.

Why Long Term?

As discussions evolve towards a potential contract, LMT could see sustained benefits, similar to its past trajectories with various military contracts. The increasing government interest will likely affirm LMT's market position over several years.

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