U.S. To Withhold Final $5 Million Payment For F-35 Jets Until "Combat Capability" Technology Package Is Delivered
Portfolio Pulse from Benzinga Newsdesk
The U.S. government will withhold a final $5 million payment for F-35 jets until the 'Combat Capability' technology package is delivered, according to the Pentagon.
August 29, 2024 | 2:48 pm
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Lockheed Martin (LMT), the manufacturer of the F-35 jets, is facing a delay in receiving a $5 million payment from the U.S. government until the 'Combat Capability' technology package is delivered.
The withholding of the $5 million payment directly affects Lockheed Martin's cash flow and may indicate potential delays or issues with the delivery of the 'Combat Capability' technology package. This could lead to short-term negative sentiment around LMT's stock.
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