Lockheed Martin Aeronautics sales slip 3% due to withheld payment as F-35 negotiations drag

By Vanessa Montalbano / October 22, 2024 at 4:43 PM
Aeronautics sales for defense prime Lockheed Martin fell nearly 3% in the third quarter of 2024 -- from $6.7 billion to $6.5 billion -- compared to one year earlier, the company told investors today, attributing the loss directly to contractual and technical issues on its F-35 Joint Strike Fighter program. The Pentagon and Lockheed Martin are still deliberating a contract for F-35 Lots 18 and 19, forcing the contractor to temporarily pay $700 million for sensors, radars and other components...

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