Pentagon Awards $1.97B Defense Contracts

0:00The Pentagon just handed out contracts worth $1.97 billion to Lockheed Martin and Raytheon, part of a larger 3.4. $2 billion package to 11 companies announced Wednesday. Lockheed scored $1.1 billion to build 17 high-mobility artillery rocket system wanchers, going straight to the Army, Marine, Corps, and allies like Australia, Canada, Estonia, Sweden, and Taiwan. Stocks ran low after partner nations sent gear to Ukraine, and U.S. forces deployed to the Gulf amid tensions with Iran, so this ramps up supplies fast. For everyone involved, meanwhile, Raytheon grabs $833 million for evolved S.E.A. spare-row U. missile, air defense systems, shipping to nations including Australia, Belgium, Canada, Denmark, Germany, and the U.S. itself. Stock raps for Lockheed by April 30th, 2028, and Raytheon by September 2030, locking

1:01in defense muscle for a tense world, stage. This has been Birmingham News Today, powered by AI, I'm Corey with the story.