Lockheed Martin (Stock): Thales has signed a contract with Lockheed Martin as a tier-one supplier for the delivery of up to 55 airborne anti-submarine warfare sonars. The navies of India, Denmark and Greece will receive their first deliveries of the ALFS sonar system through direct U.S. Foreign Military Sales.
Good for the company. We could see a surge in LMT stock price as soon as they start delivering these warfare sonars. Will buy Lockheed stock if price goes near 350$.
