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Lockheed Martin (LMT) has issued an update.
Lockheed Martin Corporation has revised its $3 billion credit agreement, extending the maturity date by a year to August 24, 2029, and eliminating a financial covenant on leverage ratio. Concurrently, they’ve negotiated terms with the U.S. government for delivering F-35 aircraft with enhanced combat capabilities, contingent on the qualification of Technology Refresh 3 systems. These strategic financial and operational adjustments are expected to bolster the company’s long-term commitments, despite potential market and production risks highlighted in their forward-looking statements.
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