A total of 72 aircraft were parked at Lockheed Martin's facilities after the Technology Refresh 3 experienced severe glitches, following which the Pentagon halted deliveries in July 2023. Lockheed ...

Facing defense cuts and NGAD setbacks, Lockheed Martin is pitching an enhanced F-35 as a cost-effective “bridge” to sixth-gen ...

The F-35 program is vital to Lockheed, as it contributes about 30% of its revenue. The world's biggest defense contractor is also likely to take a hit from fewer F-35's requested by the Trump ...

Lockheed Martin has delivered 72 F-35 jets to the U.S. government as of May 1, after several months of delay due to late software improvements, Bloomberg News reported on Monday, citing the ...

Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense ...

Meanwhile, the F-35, a multi-role fighter that entered service in 2015, is Lockheed's headline export. Taiclet said the company expects to deliver between 170 and 190 F-35s in 2025, with a backlog ...

Company CEO Jim Taiclet claims that by applying advanced technologies to the F-35, 80% of the F-47’s capability can be achieved at 50% of the cost. As news of Boeing’s victory in the Next ...

Lockheed Martin faces risks from F-35 program cuts, increased competition, and heavy reliance on U.S. defense spending. Learn more about LMT stock here.

Lockheed Martin, which had already designed and built the F-22 Raptor and F-35 Lightning II, was widely expected to win the contract. However, the contract was instead awarded to Boeing ...

TYSONS CORNER, VA, May 9, 2018 ” Lockheed Martin (NYSE: LMT) has reached an agreement with the Defense Department on matters related to the cost of F-35 repairs and has resumed deliveries of the ...