Page 6 - Technology Refresh News Today

As many as 120 F-35s could be "undelivered" in 2024 as a result of delays with the stealth fighter's Technology Refresh 3 (TR-3) upgrade, according to Lockheed Martin Chief Financial Officer Jay Malave, who broke the news in an earnings call with investors.

Lockheed Martin is again pushing back its timeline for upgrading the F-35 Lighting II, which prompted the company to cut the number of the fifth-generation fighter jets it expects to deliver to the military this year.

If the F-35 upgrades known as Technology Refresh 3 aren't ready for deliveries to resume in the third quarter, Lockheed said it may slow down production.

As many as 120 F-35s could be “undelivered” in 2024 as a result of delays with the stealth fighter's Technology Refresh 3 upgrade, according to Lockheed Martin Chief Financial Officer Jay Malave.

LMT earnings call for the period ending December 31, 2023.

If the F-35 upgrades known as Technology Refresh 3 aren't ready for deliveries to resume in the third quarter, Lockheed said it may slow down production.

If the F-35 upgrades known as Technology Refresh 3 aren't ready for deliveries to resume in the third quarter, Lockheed said it may slow down production.

The 1000th F-35 Lighting II jet will be delivered once it receives the necessary TR-3 hardware and final TR-3 software.

The F-35 fighter jet, a pinnacle of aeronautical engineering, is poised to dominate the skies with its stealthy brilliance. A recent $1.1 billion deal between the US DoD and Lockheed Martin has ignited the “site activation” process, sending waves across the globe. But as the F-35 takes flight, it casts a long shadow of concerns […]

The F-35 Lighting II is the most popular fifth-generation fighter jet in the skies today. Its technological edge and capabilities are mainly why the aircraft is so highly sought after by many countries. And, in some respects, that creates a problem.