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Lockheed Martin (NYSE: LMT) has secured a potential five-year, $485M contract from the U.S. Air Force to produce navigation pod hardware for integration onto fixed-wing platforms of multiple foreign military sales customers....

Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states....