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

The U.S. awarded defense contracts to companies on Friday, including one of over a billion dollars to Lockheed Martin Corp, 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.

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