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Business/Financial

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

By Vivienne Machi

Tuesday, May 19th, 2020

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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…

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