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  • Thursday, April 25, 2024

US, Finland Strike $237M Deal for Lockheed Cruise Missiles

Finland will purchase $237 million in cruise missiles from Lockheed Martin Corp. (NYSE: LMT) through an approved foreign military sale, according to the Boston Globe.

The U.S. Defense Department and Congress approved the Finnish Defense Ministry’s purchase of the air-to-surface in November, according to the Globe.

Finland purchased an unspecified amount of AGM-158 JASSM-type missiles that will be installed on the Finnish air force’s F-18 Hornet fighter fleet.

The U.S. previously sold Lockheed missile interceptors to the United Arab Emirates in foreign military sale in December.

Lockheed may also benefit from sales to South Korea as it recently submitted proposals for that country’s next generation of fighter jets.

Japan announced in December that it would $4 billion purchase of 42 Lockheed F-35 jets.

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