Lockheed Martin anticipates sooner-than-expected F-35 award

Reuters

Wed, May 14, 2025, 12:14 PM 1 min read

(Reuters) -Lockheed Martin expects to beryllium awarded a finalized declaration connected its F-35 jets, which person been beset by delays successful a exertion upgrade, sooner than it antecedently anticipated, the U.S. defence contractor's concern main said connected Wednesday.

The combatant jets successful batch 19 could perchance beryllium awarded sooner than the 2nd fractional of this year, which was the company's earlier timeline, recently appointed CFO Evan Scott said astatine a Bank of America conference.

Lockheed's lawsuit has told the institution to expect tons 18 and 19 to beryllium combined into a azygous contract, Scott added.

The Pentagon, U.S. allies and partners are the superior customers for these tons of the F-35 jets.

The F-35 programme has been bogged by delays successful rolling retired an upgrade to springiness the pitchy amended displays and processing capabilities for its physics systems.

Last month, Lockheed bushed expectations for quarterly nett and reaffirmed its yearly forecasts, buoyed by resilient request for its rocket systems and combatant jets.

(Reporting by Utkarsh Shetti successful Bengaluru; Editing by Leroy Leo)