A trio of large defense contractors belive their financial futures are secure in 2020 and 2021 – even with COVID-19 and a slowed federal budget process.
COVID-19 is slowing F-35 Lightning II Joint Strike Fighter production because of supply chain disruptions caused by national and international attempts to stop the spread of the sickness, prime contractor Lockheed Martin said Tuesday. Read More
Marillyn Hewson is stepping down as chief executive of Lockheed Martin after running the defense contractor since 2014.
Lockheed Martin is confident new customers will step forward to buy the F-35 Lighting II Joint Strike Fighters intended for Turkey, company executives said during a Tuesday conference call with analysts. Read More
F-35 Lightning II Joint Strike Fighter lead-contractor Lockheed Martin reconfigured a host of its contracts with its suppliers to lower the aircraft price tag, improve readiness and control ongoing maintenance costs.