Lockheed Martin expects Pentagon to withhold some F-35 payments into 2026

By Vanessa Montalbano / February 13, 2025 at 12:01 PM
Lockheed Martin and the F-35 Joint Program Office are still aiming to declare the Technology Refresh-3 software upgrade as combat-capable in this calendar year, but cash may continue to be withheld into 2026 as the company struggles to meet stated requirements. “Ultimately the decision to declare combat capability is the customers. It's not ours. So we work with them and coordinate with them. But we're driving hard to work with our supply partners to provide them this capability and get...

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