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Lockheed Martin Wins Pentagon's Joint Strike Fighter Contract.
Knight Ridder/Tribune Business News, October, 2001
By Richard Whittle, The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 27--WASHINGTON--The Pentagon assured Lockheed Martin Corp.'s future as the nation's premier maker of jet fighters by choosing it to build the new Joint Strike Fighter -- the richest defense deal in history.
Lockheed's victory Friday in the five-year, winner-take-all competition with Boeing Co. -- expected for weeks in defense circles -- is valued at more than $200 billion over the next 30 years.
But it could be worth as much as $1 trillion before the JSF goes out of service in mid-century if future foreign sales and parts, service and modification contracts are considered, Lockheed officials said.
That massive amount of work will keep the...
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