TRW Near Big Subcontract on Lockheed Fighter Pact

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TRW (TRW) , a diversified manufacturer, expects to pull in $4 billion to $5 billion in revenue supplying communications, navigation and identification avionics for the Joint Strike Fighter. The contract for the fighter was awarded to Lockheed Martin (LMT) - Get Report by the Pentagon last week.

TRW, still negotiating a final subcontract agreement with Lockheed Martin, said the revenue estimate excludes foreign sales and is anticipated over the life of the Joint Strike Fighter program.

This news comes one day after TRW decided to suspend its Astrolink program, designed to build a global telecommunications network via satellite, when partner Lockheed Martin pulled out of the joint venture.