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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lockheed Martin Corp | NYSE:LMT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -3.20 | -0.69% | 461.73 | 465.40 | 460.56 | 462.61 | 995,052 | 01:00:00 |
From May 2022 to May 2024
By Kathryn Hardison
General Electric Co., Raytheon Technologies Corp., Boeing Co., Lockheed Martin Corp. and Northrop Grumman Corp. were each awarded contracts of up to $975 million from the U.S. Air Force.
The contracts are for work under the prototype phase of the Next Generation Adaptive Propulsion program, with a focus on delivering capability enabling propulsion systems for future air dominance platforms and digitally transforming the propulsion industrial base, the U.S. Department of Defense said Friday.
The work is expected to be complete by July 11, 2032.
General Electric's work will be performed in Cincinnati, and Raytheon will complete its work in East Hartford, Conn. Boeing will work in St. Louis. Lockheed Martin and Northrop Grumman will fulfill their contracts in Palmdale, Calif.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 19, 2022 19:02 ET (23:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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