Lockheed Martin's F-35 is gaining altitude. Image source: Lockheed Martin.
Motley Fool: Lockheed Martin Is Nearing $8 Billion F-35 Deal With Japan
An important piece of the aerospace company's long-term growth strategy is falling into place.
Japan is reportedly planning to acquire up to 100 additional Lockheed Martin (NYSE:LMT) F-35s, a big boost to the contractor's effort to make the Joint Strike Fighter a global hit and a $1 trillion program.
The planned purchase, which according to Japan's Nikkei Asian Review should be included in the government's National Defense Program Guidelines to be approved in mid-December, would check several geopolitical boxes for the Japanese government. The country is looking to make a statement in response to China's military buildup and continued tensions with North Korea. The order would also be an affirmative response to calls by the White House for allies to purchase more American weaponry.
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WNU Editor: When you are the only game in town for a fifth generational fighter jet, your competition can never catch-up.
