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Lockheed Martin Reaches Deal With Pentagon on Equipment for Jets Sold to Israel -Reuters

The Pentagon and Lockheed Martin Corp. (LMT) have reached an agreement to enhance the electronic warfare equipment on F-35 fighter jets being sold to Israel, and to utilize Israeli-unique systems, Reuters reported Thursday, citing "sources familiar with the negotiations." According to the report, the deal is to be finalized in the coming weeks. The agreement marks a step forward for Israel's $2.75 billion deal, signed in October 2010, to purchase 19 F-35 jets. The agreement will allow Israeli companies, including Elbit Systems Ltd. (ESLT, ESLT.TV) and the state-owned company Israel Aerospace Industries, to participate further in the program, Reuters said. Full story at Write to Subscribe to WSJ:

Stock News for Lockheed Martin (LMT)
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