Late last week, DefenseNews.com reported that there may be a pair of such contracts in the offing. Specifically, over in India, the Defence Acquisition Council on Friday approve the purchase of six Lockheed Martin Corporation(NYSE:LMT) C-130J Hercules transport aircraft from the U.S. government. These planes would be in addition to the six C-130Js that India ordered from Lockheed Martin Corporation(NYSE:LMT) back in 2007. Furthermore, India is also reportedly interested in buying an additional half-dozen C-17 Globemaster III transports. Boeing inked a deal to sell India 10 of the big birds just two summers ago — and already, it seems the Indian air force is hungry for more.
Combined, these two deals promise billions of additional revenues for Lockheed Martin Corporation(NYSE:LMT) and Boeing. Yet neither of these deals has yet been officially announced. Most investors aren’t factoring the extra revenues into their valuations of the companies, because no one knows about them — except that now, you do.
The article Defense News Roundup: Air Force Dodges Fake Rockets, Army Tilts at Windmills originally appeared on Fool.com and is written by Rich Smith.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources and owns shares of Lockheed Martin, Northrop Grumman, and Raytheon.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.