Lockheed Martin (NYSE:LMT) has decided to build a new a new flight training center in South Korea.
Lockheed Martin To Build New Training Center
According to the South Korean Ministry of Land, Transport and Maritime Affairs, Lockheed Martin (NYSE:LMT) will build a flight training center in western South Korea for pilots working for local low-cost carriers.
As a part of the move, an agreement has been signed between Incheon International Airport Corp. and Lockheed Martin (NYSE:LMT) on Friday.
The training center will be located near Incheon International Airport and is expected to be completed at the end of this year.
Lockheed Martin (NYSE:LMT) shares were at 91.30 at the end of the last day’s trading. There’s been a 11.3% movement in the stock price over the past 3 months.