Lockheed wins $451 million U.S. defense contract: Pentagon

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WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) is being awarded a $451 million contract modification to a previously awarded contract for material and detail design in support of the construction of four Multi Mission Surface Combatant ships, the Pentagon said on Monday.

  • FILE PHOTO – Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo

    • The contract involves foreign military sales to Saudi Arabia, the Pentagon said.

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    Economy