:

Business/Financial

Lockheed Martin to Slow F-35 Deliveries Due to COVID-19-Related Supplier Delays

By Vivienne Machi

Tuesday, May 19th, 2020

SHARE:

Lockheed Martin to Slow F-35 Deliveries Due to COVID-19-Related Supplier Delays

Norway's first F-35A, called AM-1, is in production at the Lockheed Martin Fort Worth, Texas assembly plant. Photo: Lockheed Martin.

Lockheed Martin [LMT] revealed May 19 that it is slowing production of the F-35 Joint Strike Fighter in a move that could impact up to 25 aircraft, as a “proactive” measure to mitigate the effects of supplier delays during the COVID-19 pandemic. Defense News first reported Tuesday that the company’s plans to reduce its production rate could mean it misses its 2020 delivery goal by 18 to 24 aircraft. Lockheed Martin confirmed the update in a Tuesday evening statement to…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]