U.S. awards defense contract of over $1 billion to Lockheed Martin

WASHINGTON, Dec 23 (Reuters) - The U.S. awarded defense contracts to companies on Friday, including one of over a billion dollars to Lockheed Martin Corp (LMT.N), opens new tab, the Department of Defense said in a statement.
"This contract procures long lead time materials, parts, components, and efforts necessary to maintain on-time production and delivery of 118 Lot 18 aircraft F-35 aircraft for the Air Force, Marine Corps, Navy, non-U.S Department of Defense participants, and Foreign Military Sales customers," the department said on the $1.05 billion Lockheed contract, opens new tab.
Earlier this month, Lockheed Martin received a Defense Department contract worth $431 million to deliver new High Mobility Artillery Rocket Systems (HIMARS) and support services for the U.S. Army and its foreign allies.
Separately, Boeing Co (BA.N), opens new tab was awarded a $497 million firm-fixed-price contract for CH-47F helicopters, the department said on Friday, adding Dec. 30, 2025, was the estimated contract completion date.

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Reporting by Kanishka Singh; Editing by Sandra Maler

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Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role. His past breaking news coverage has spanned across a range of topics like the Black Lives Matter movement; the US elections; the 2021 Capitol riots and their follow up probes; the Brexit deal; US-China trade tensions; the NATO withdrawal from Afghanistan; the COVID-19 pandemic; and a 2019 Supreme Court verdict on a religious dispute site in his native India.