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Key Updates on the Latest Deals Signed by Lockheed Martin

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Deal with Bravo Industries

At the Farnborough International Airshow on July 12, Bravo Industries announced that it would purchase ten LM-100J Super Hercules commercial freighter aircraft from Lockheed Martin (LMT). Bravo Industries, headquartered in Arlington, Virginia, is a logistics and defense (PPA) group with operations primarily focused on Brazil. The LM-100J is a civilian aircraft that Bravo Industries will use for air cargo operations in Brazil. Bravo Industries’ air cargo services include scheduled and route-specific solutions such as next-day and same-day service. The company also offers cargo handling for odd-shaped, hazardous, and refrigerated items.

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Sikorsky signs aftermarket service deals with Babcock Mission Critical Services and Bristow Helicopters 

The Sikorsky unit, which was acquired by Lockheed Martin from United Technologies (UTX), signed two ten-year agreements for aftermarket services at the Farnborough Air Show. The first agreement was signed with Babcock Mission Critical Services on July 11, and the second was signed with Bristow Helicopters on July 12. Bristow Helicopters operates more than 160 Sikorsky aircraft for the UK Maritime and Coastguard Agency for search and rescue missions. Babcock’s fleet has more than 20 Sikorsky aircraft and specializes in providing helicopter transportation services to oil and gas platforms (XOP).

Lockheed Martin picks Triumph Group for component supply

On July 8, Lockheed Martin contracted Triumph Group (TGI) for the supply of engine and structures components for the F-35 fighter jet. Under the terms of the contract, Triumph will provide engine mounts, bulkheads, longerons, and wing ribs for the F-35 through 2021. Triumph’s stock rose more than 6% after the news became public.

Continue to the next part of this series for updates on Lockheed Martin’s Space Systems segment.

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