New Spending Bill Good News for Boeing Co (BA) and Lockheed Martin Corporation (LMT)

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EA-18G

Boeing EA-18G

Boeing Co (NYSE:BA) and Lockheed Martin Corporation (NYSE:LMT) appear to be early winners in the new U.S Spending bill agreed to by lawmakers from the U.S. House and Senate. According to Reuters, the bill provides $554.2 billion in funding for the U.S. Military in fiscal 2015 and would include the following orders from the companies.

$1.46 billion for Boeing for EA 18G

The bill includes $1.46 billion for 15 EA-18G Growlers electronic attack jets built by Boeing. The funding will keep its St. Louis production line going through 2017. Wikipedia describes the Boeing EA-18G Growler as a carrier-based electronic warfare aircraft and could carry a wide variety of bombs and missiles for air-to-air and air-to-ground missions.

$479 million for Lockheed for F-35s

The bill also provides $224 million for two Lockheed Martin Corp F-35s for the U.S. Air Force and $255 million for two F-35s for the U.S. Navy. The bill funds 38 F-35 fighters for 2015. This would represent an increase of 9 from 2014. The F-35 is described by Wikipedia as in the family of single-seat, single-engine, all weather stealth multirole fighters designed to perform ground attack, reconnaissance, and air defense missions.
F-35

F-35

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