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...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.