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Lockheed Martin $22.7 billion contract may mean more jobs for area

military-jets-F35.jpgAccording to the Fort Worth Star-Telegram, a new $22.7 billion contract for Lockheed Martin Aeronautics means expansion for the worldwide aerospace, defense, security and advanced technologies company. The contract calls for 255 new F-35s; the bulk of the work will be done in Fort Worth.

Although it’s unclear exactly how many jobs will come to Fort Worth, it’s worth noting that Lockheed Martin has been hiring steadily for over a year. At a September job fair, the company planned to hire between 400 and 1,000; long range hiring plans are at least 1,800 by 2020.

The Fort Worth plant employs more than 14,000 people with nearly 9,000 working on F-35s. The F-35A, used by the U.S. Air Force, is the most common version of the jet and needs a runway for take off. The F-35B has a vertical take-off and landing capabilities, and the F-35C is specifically designed for aircraft carriers.

Although terms of the contract haven’t yet been finalized, the Department of Defense has funded the initial $6 billion while details are worked out.

Source: The Fort Worth Star-Telegram newspaper

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