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Earlier this year, NASA awarded $250,000 to Lockheed Martin to create an aircraft capable of silently breaking the sound barrier (“Low-Boom flight program”).

On Nov. 16, the company LMT, -3.39% started production of the experimental QueSST (Quiet SuperSonic Transport) aircraft. This elegant vehicle can cruise at Mach 1.42 (1,510 km/h or 940 mph) and is capable of reaching 55,000 feet (16,800 meters), creating a low 75 Perceived Level decibel (PLdB) thump. This means that when the airplane breaks the sound barrier, it creates noise equivalent to the sound of slamming the car door.

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Will Supersonic Commercial Air Travel Return?

Image from www.lockheedmartin.com

Let the shareholders rejoice: Lockheed Martin‘s (NYSE: LMT) F-35 Lightning II fighter jet contracts are getting bigger — and bigger.

In September, Reuters reported on a Pentagon deal to buy what it called at the time “the biggest batch yet” of Lockheed Martin’s joint strike fighter – 141 fighter jets valued at $11.5 billion. To win such a big order, Lockheed lowered its average F-35 cost to $81.6 million. With engine and other incidental costs factored in, flyaway costs were a bit higher. Lockheed’s F-35B variant flyaway cost $115.5 million, its F-35C cost $107.7 million, and the F-35A ended up at $89 million. Still, as Lockheed noted at the time, this contract offered the “lowest per-aircraft price in program history,” which undoubtedly helped Lockheed seal the deal.

Big as that sale was, however, the contract Lockheed just won easily eclipses it.

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Lockheed Martin Lands 255-Jet Fighter Order

Image from lockheedmartin.com

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Will Supersonic Commercial Air Travel Return?

Lockheed Martin Lands $22.7 Billion 255-Jet Fighter Order

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