Lockheed, Arrow Electronics Sign Supply Chain Deal

Lockheed Martin has a potential two-year contract with Arrow Electronics covering the acquisition of electronic parts used in missiles, satellites, radars, tactical fighter jets and drones.

Lockheed announced Thursday that Arrow Electronics will be the sole provider of parts covered under the agreement, as opposed to the 240 suppliers Lockheed had in 2011.

The contract has one base year and an option year and is the first in a series of supply chain agreements the company plans to sign, according to the release.

Raytheon is eyeing an expansion of its supply chain as it contracted a Malaysian firm in February to produce components for the Evolved Sea Sparrow Missile.