Weapons contractor Lockheed Martin Corp anticipates more orders for F-35 jet fighters- sources

September 25
12:08 PM 2013

Industry sources and US government officials told Reuters that weapons contractor Lockheed Martin Corp expected international orders for its new F-35 fighter jets. Lockheed was set to finish building its 100th F-35 fighter plane next week. Demand for the radar-evading jet could come in the following months.

According to the Reuters report, Lockheed was looking forward to orders from Britain, Canada, Australia, Norway, the Netherlands, Italy, Turkey, Denmark, Israel and Japan. Singapore could also order at least a dozen F-35 warplanes in February next year. Three models of the F-35 were built by Lockheed for its clients.

The Bethesda, Maryland-based military contractor gets 82% of its revenues from sales to US government accounts. Of this, 60% comes from US Department of Defense. In the second quarter of 2013, Lockheed posted revenues of USD 11.4 billion. This represented a drop of 4.3% from the previous year's second quarter figures. However, the revenues beat analysts' expectations of USD 11.1 billion. 

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