Lockheed Martin (LMT) secured a new contract to build the CH-53K King Stallion Helicopters to the Naval Air Systems command. This will likely be a great addition to the U.S Marine Corps, however does not come cheap. The contract is worth $303 million which will enable the Marines to have two of the aircraft by 2020 plus logistical support.
This aircraft will be able to provide greater efficiency and flexibility within war zones or for those in need of aid.
In my previous article on LMT we discussed the digital position of the company, and how dependent that they were on the government and associated contracts and funding. In fact, the ability of LMT to survive was almost purely based on governmental spending on the military. Correspondingly in a separate article the real costs of the jets provided by LMT were dissected in order to find the true value of these aircrafts and associated time that it takes LMT to build and make them operational.
