Lockheed Martin is projecting a 2.5% drop in 2021 revenue, due in part to a re-baseline of the F-35 Joint Strike Fighter's production plan. Along with the impact of reduced F-35 production volume, Lockheed CEO Jim Taiclet said today during the company's third-quarter earnings call that COVID-19 supply chain issues and withdrawal from Afghanistan also contributed to the revenue decline. The company and the Pentagon agreed to the revised F-35 production plan in September, which lays out aircraft deliveries for...
