'F-35 Joint Strike Fighter; Program Continues To Encounter Production Issues And Modernization Delays' - U.S. Government Accountability Office
Portfolio Pulse from Benzinga Newsdesk
The F-35 Joint Strike Fighter program, despite moving into full-rate production, continues to face significant production issues and modernization delays. Contractors are delivering engines and aircraft late, and there are delays in software updates and modernization of components.
May 16, 2024 | 3:02 pm
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Lockheed Martin (LMT), the primary contractor for the F-35 program, is facing ongoing production and modernization delays. Despite moving into full-rate production, the company is struggling with late deliveries and slow software updates.
Lockheed Martin is the primary contractor for the F-35 program. The ongoing production and modernization delays, including late deliveries and slow software updates, are likely to negatively impact investor sentiment and short-term stock performance.
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