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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.