Skip to main content

Lockheed Martin

(LMT) - Get Lockheed Martin Corporation Report

beat out two competitors for a contract to supply 48 F-16 fighter jets to the Polish government. The pact is worth $3.5 billion, making it one of the biggest European military procurements ever.

Lockheed beat out a joint bid from Sweden's


TheStreet Recommends

and Britain's

BAE Systems

, and a bid from France's



Poland, which became a NATO member in 1999, will receive pilot training and $3.8 billion in financing for the fighters from the U.S. government.