Lockheed nears F-35 block buy deal worth more than $37 billion

USA defense manufacturer Lockheed Martin will reportedly sign a deal worth over 37 billion dollars to sell a record 440 F-35 fighter jets to a group of eleven nations, including South Korea and the U.S. Some 3,200 of these planes are being flown by 26 countries around the world.

A joint press release said the deal will support "thousands of Lockheed Martin and F-16 supplier jobs in the USA, creates new manufacturing jobs in India".

"Our partnership significantly strengthens the F-16 "Make In India" offer, creates and maintains numerous new job opportunities in India and the U.S., and brings the world's most combat-proven multi-role fighter aircraft to India", he said. According to sources Lockheed Martin and Tata signed an agreement in Paris on the sidelines of the Paris Air Show.

Tight US labor market should push inflation higher: Fed's Dudley
In China the drop was 0.1%, but the expectation is for further falls over coming months. USA gold futures for August delivery fell 0.2 percent to $1,254.20 an ounce.

Lockheed Martin Corp is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said.

Modi's Make-in-India drive runs the risk of conflicting with US President Donald Trump's America First policy under which he has been asking companies to set up base in US for creating jobs instead of setting up factories overseas. The other two main arms suppliers to India are Russian Federation and Israel.

The F-35 has been widely criticized for being too expensive, including by U.S. President Donald Trump and other U.S. officials who have criticized the Pentagon's most expensive program for delays and cost overruns.

RidgeWorth Capital Management LLC Maintains Stake in Anadarko Petroleum Corporation (APC)
Several analysts have released their opinion on Murphy Oil Corporation (NYSE:MUR), with 2 analysts believing it is a strong buy. Delta Asset Management Limited Liability Co Tn holds 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 200 shares.

Lockheed Martin is pitching the Block 70 F-16 fighter jet to meet Indian Air Force's single-engine fighter requirement, while SAAB is offering its Gripen fighter. In a short span of five years, Tata Advanced Systems Limited has become a significant player in the global aerospace market, becoming the premier manufacturing partner for global OEMs, including Boeing, Airbus Group, Sikorsky Aircraft Corporation, Lockheed Martin Aeronautics, Pilatus Aircraft Ltd, Cobham Mission Equipment, RUAG Aviation, as well as the Government of India's Defence Research & Development Organisation.

Tata is already building airframe components for the C-130 military transport aircraft. A formal bid for 100 to 250 planes is expected to open soon.

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Microsoft Corporation (MSFT) Analysts See $0.70 EPS
Novanta Inc. (NOVT) exchanged hands at an unexpectedly high level of 0.7 million shares over the course of the day. Illinois-based Rmb Capital Management Ltd Liability has invested 0.13% in TFS Financial Corporation (NASDAQ:TFSL).

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