Citing Russian aggression, Germany said Monday that it would purchase up to 35 American Lockheed Martin F-35 fighter jets, a major reversal from its previous plan to revamp its aging fleet with a combination of older, less expensive American- and European-made jets.
"We are proud of the confidence the German Federal Ministry of Defense and Luftwaffe officials have shown in choosing the F-35," Lockheed MartinLess than three full months into 2022, Lockheed Martin's stock has surged by more than 25%, while the share prices of Raytheon, General Dynamics, and Northrop Grumman have also risen by roughly 12%, 14%, and 16%, respectively.
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