Lockheed Martin Extends Cytec Contract (CYT, LMT)

Cytec Industries Inc. CYT announced today that its Engineered Materials business had signed a contract extension, covering the period from 2016 to 2020, with Lockheed Martin LMT for the supply of high-performance, structural composite and adhesive materials used in the manufacture of the multinational F-35 Lightning II Program or Joint Strike Fighter. Cytec expects the contract extension to generate revenues of approximately $1.1 billion.