BAE Systems receives $491M in contracts from Lockheed Martin

BAE Systems (BAESY) has received $491M in contracts from Lockheed Martin (LMT) to produce state-of-the-art Block 4 electronic warfare systems for future Lot 17 F-35 Lightning II fighter jets, adding to the 1,200 F-35 EW systems it has delivered to date. The powerful Block 4 systems will accelerate the delivery of advanced EW capabilities to warfighters by combining adaptable hardware and incremental software updates.