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F-35 Program Retaining Funding for Fighter Pending TR-3 Qualification

Frank Wolfe Frank Wolfe
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F-35 Program Retaining Funding for Fighter Pending TR-3 Qualification
An F-35A Lightning II assigned to the 187th Fighter Wing taxis on the runway at Dannelly Field, Ala. on July 19 (U.S. Air Force Photo)

The F-35 Joint Program Office (JPO) is to retain part of the funding for the Lockheed Martin [LMT] fighter pending qualification of Technology Refresh-3 (TR-3), the company said in an 8-K Securities and Exchange Commission filing on Monday. Under the JPO/Lockheed Martin agreement, "the JPO will withhold a portion of final aircraft delivery payments from the company until TR-3 combat capability is qualified and delivered," the 8-K said. "Additionally, the company is making significant investments in development labs and digital…

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