Aerospace Group:

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…

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]