Norway Confirms $10B Lockheed F-35 Buy

Norway has confirmed an estimated $10 billion purchase of Lockheed Martin-made (NYSE: LMT) F-35 jets, the country’s defense ministry announced Friday. The government authorized an initial order of two planes, followed by another pair in 2016 and 48 more jets will arrive in the country after 2017. According to the release, this procurement marks the largest in the country’s history and its...

Norway Proposes $300M Lockheed C-130 Foreign Sale

Norway wants to acquire two Lockheed Martin-made (NYSE: LMT) planes through an estimated $300 million foreign military sales agreement, the Defense Security Cooperation Agency has told Congress. In a June 7 notice, DSCA said Norway has proposed to buy two C-130J U.S. Air Force planes, associated parts, equipment, logistical support and training. The sale would also include nine engines, countermeasure...

Report: Norway to Buy More Lockheed F-35 Jets

Lockheed Martin (NYSE: LMT) could receive orders sooner than expected to produce additional F-35 jets for Norway, Reuters reports. The Norwegian government released a white paper Friday, outlining revised plans to purchase four additional F-35 Joint Strike Fighter planes and training jets. The country will purchase 52 of the planes, including four training planes, from 2015 through 2023 or 2024,...

ITT Wins Deal to Support Norway Sub Fleet

ITT (NYSE: ITT) picked up a deal from the Norwegian Defense Logistics Organization to provide six tactical radar Electronic Support Measures (ESM) and surveillance systems for its Ula Class submarines. According to the firm, “ESM systems play an important role in a submarine’s defenses. By monitoring electromagnetic energy, the crew can detect, intercept, ...