Lockheed - Germany f-35 purchase

[Scooterd]

Germany to purchase as many as 35 Lockheed Martin F-35 stealth fighter jets to replace its Tornado military aircraft fleet, the defense ministry told parliament. The Tornado is the only German jet capable of carrying U.S. nuclear bombs, stored in Germany, in case of a conflict, but the aircraft have been in use for more than 40 years.

Lockheed Martin shares have been trading near all-time highs, with defense company stocks rising across the board following Germany's announcement.