Lockheed Martin CEO Says Still Working To Deliver Latest F-35 In Q2; Delivered 18 Older F-35 Fighters In Q4; 98 In 2023; Says 1st Delivery Of Upgraded F-35 May Slip To Q3
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin's CEO announced during a conference call that the company is working to deliver the latest F-35 fighter jets in Q2. However, there's a possibility that the first delivery of the upgraded F-35 may slip to Q3. In Q4, Lockheed Martin delivered 18 older F-35 models and aims to deliver a total of 98 in 2023.
January 23, 2024 | 4:18 pm
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Lockheed Martin is on track to deliver the latest F-35 jets in Q2, but the first delivery of the upgraded version might be delayed to Q3. The company delivered 18 older models in Q4 and plans to deliver 98 in 2023.
The news indicates a steady progress in the F-35 delivery schedule, which is positive, but the potential delay in the upgraded F-35 may concern investors. The delivery of 18 older models in Q4 and the target of 98 for 2023 show continued demand for Lockheed Martin's products, which is likely to support the stock price. However, the impact of the potential delay is uncertain, hence a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100