Lockheed Martin could lose millions this year in delayed F-35 deliveries

By Shelley K. Mesch / July 20, 2023 at 9:57 AM
Though it reported generally positive results during its second quarter earnings call this week, Lockheed Martin executives said the company will see a loss upwards of $200 million this year from expected late deliveries of F-35 Joint Strike Fighter jets. The Defense Department announced last month that it would not accept new deliveries of F-35s until the newest upgrades to software and hardware -- called Technology Refresh 3 -- have successfully completed testing. Because of delays in TR-3, Lockheed is...

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