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F-35 Fighter still suffers at least 65 basic deficiencies where it continues to fail to meet basic testing specifications, the Office of the Director, Operational Test and Evaluation (DOT&E) reported.
The job cuts will affect roles across Lockheed Martin’s business and enterprise operations to implement cost-cutting measures, including hiring freezes and voluntary separations. Read more.
With F-35 deliveries to the U.S. military halted since last July and F-35 production continuing apace, stealth fighters are stacking up on a ramp somewhere.
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.
LMT earnings call for the period ending December 31, 2023.