Lockheed Martin (LMT) Is Spending Ahead on JATM. Will a Multiyear Contract Follow?

Lockheed Martin Corporation entered into a framework agreement with the U.S. Department of War on September 17 aimed at accelerating production of the AIM-260 Joint Advanced Tactical Missile, described as the most advanced U.S. air-to-air system and designed to counter emerging air threats. The framework agreement represents a long-term demand signal and reflects institutional confidence in the necessity for the missile system. However, neither the company nor the Department of War disclosed sp