April 21 Specialty metals and plastics
distribution company A.M. Castle & Co CAS.N said it agreed to
a six-year supply contract extension with Lockheed Martin Corp
(LMT.N) for the F-35 Joint Strike Fighter (JSF) program.
A.M. Castle expects the total potential value of the
contract extension to exceed $300 million, it said in a
The company will now supply aluminum plates, cut-to-size
aluminum plate products and processing and collaborative supply
chain management services to Lockheed through 2016.
Shares of A.M. Castle closed at $17.90 Wednesday on the New
York Stock Exchange.
(Reporting by Antonita Madonna Devotta in Bangalore; Editing
by Ratul Ray Chaudhuri)