Lockheed Reaps $2.3 Billion So Far Restocking Pentagon
- Defense Department provides new accounting of Ukraine funds
- Pentagon has obligated $9.6 billion of $26 billion in funds
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Pushing to restock depleted US weapons stockpiles, the Pentagon has put on contract almost $2.3 billion of a potential $6 billion to Lockheed Martin Corp., the top maker of munitions that the US has provided Ukraine in its fight against Russia’s invasion, according to new Defense Department data.
Similarly, Lockheed’s joint venture with RTX Corp., formerly Raytheon Technologies Corp., is on track to receive about $1.4 billion of a potential $1.9 billion to replenish its inventory of Javelin anti-armor weapons, based on the updated Pentagon figures released Tuesday.