Trump's F-35 Push for Saudi Arabia Moves Forward as US Clears Potential $24.3 Billion Fighter Jet Sale: Lockheed Martin, RTX Set to Gain?

The U.S. State Department has approved a potential $24.3 billion sale of Lockheed Martin's F-35 fighter jets to Saudi Arabia, pending congressional approval. The deal includes 48 aircraft and 49 engines from RTX Corporation, along with additional support equipment. This sale aims to enhance the security of a key U.S. ally and is seen as a step towards strengthening defense cooperation between the U.S. and Saudi Arabia. Following the announcement, shares of Lockheed Martin rose approximately 0.63% to $541.48, while RTX shares increased by about 0.11% to $193.76.