Lockheed's (LMT) business segment Aeronautics is going to deliver 16 F-35 jets to the U.S. Air Force and Marine Corps.
Raytheon Technologies (RTX)business unit, Pratt & Whitney, secures a $258.5 million contract to support the F-35 aircraft program.
Lockheed Martin said on Monday it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter aircraft in 2022, fewer than the 169 jets it had hoped to deliver. The weapons maker also said it was expecting to deliver 156 aircraft to the United States beginning 2023 and for the "foreseeable future". The U.S. government is Lockheed's biggest customer, accounting for three quarters of its sales last year.