Lockheed Risks $400M Payment Delay Over F-35 Software
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin Corp. (LMT) is at risk of a $400 million payment delay due to issues with the F-35 fighter jet's software. The delay is due to the Pentagon's decision to withhold the payment until the software issues are resolved.
July 17, 2023 | 7:15 pm
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Lockheed Martin's payment delay could impact its short-term financial performance. The delay is due to software issues with the F-35 fighter jet.
The delay in payment could potentially impact Lockheed Martin's cash flow and financial performance in the short term. The company's stock price may be negatively affected as investors react to the potential financial impact of the delay.
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