Search

Lockheed Martin Sees Likely Delay In F-35 Tech Refresh-3 To Third Quarter

Lockheed Martin Sees Likely Delay In F-35 Tech Refresh-3 To Third Quarter
A U.S. Navy Sailor directs a Marine Corps F-35B Lightning II aircraft assigned to Marine Fighter Attack Squadron (VMFA) 242 aboard the Japan Maritime Self-Defense Force helicopter destroyer JS Izumo (DDH-183) off the coast of Japan on Oct. 3, 2021. Marines and Sailors assigned to the amphibious assault ship USS America (LHA 6) embarked aboard Izumo to support the first ever F-35B Lightning II operations aboard a Japanese vessel (U.S. Marine Corps Photo)

Development of an upgraded software capability for the F-35 fighter aircraft is maturing but more slowly than expected and while Lockheed Martin [LMT] is still aiming to deliver the third Technology Refresh (TR-3) by June, it is more likely customer acceptance will slip into the third quarter of this year, Jim Taiclet, the company’s chairman, president and CEO, said on Tuesday. "As we have said before, there continues to be risk in TR-3 deliveries due to delays in software maturity,"…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]


Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]


“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]


Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]