The news of a strong business tie-up with an important partner abroad gave some lift Lockheed Martin ,Limited 2.53%, Stock on Tuesday. Defense company Got on the crime, with his shares to an increase of about 3% a day. Which looked especially good S&P 500 Index, which drowned more than 0.8% in that trading session.
Strengthen the relationship with a long -standing partner
Lockheed announced that IT and Korea Aerospace Industries (KAI) have signed a memorandum (MoU) to expand their current aircraft development partnership. The MoU covers the manufacture of the rotcraft and the development of space systems and ignore the aerial vehicle (UAV), between other projects.
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The agreement marks the latest step in cooperation of more than 30 years between lockheed and moss. Both companies originally participated on licensed production of F16 fighter aircraft.
In its press release, Avoiding The News, Lockheed quoted his Chief Operating Officer, Frank St. John, saying that the new treaty “reflects our commitment to advance global security by partnering with American colleagues to develop, build and maintain the 21st century preventive solutions.”
The company did not provide any financial details about its arrangement with Kai.
Time is right
A specific MoU has low and power as a contract; However, this is a meaningful because it explains how lockheids and moss will expand their already close cooperation. Along with increasing global stress, now there is an ideal time for defense companies to strengthen the alliance. It doubles for the Korea Aerospace Industries, which has been in a pointed, north-south position for more than seven decades.
Eric volkman There is no situation in any shares mentioned. Motale flowers recommend Lockheed Martin. Motley is near the flower Disclosure policy,
