Lockheed Martin, Pentagon Agree On F-35 Production Rebaseline

  • The F-35 Joint Program Office and the Lockheed Martin Corp LMT industry team have agreed on an F-35 production rebaseline.
  • The production rebaseline ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last year during the COVID-19 pandemic.
  • As per the agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.
  • Price Action: LMT shares are trading higher by 1.71% at $355.5 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsMoversTrading IdeasAerospace & DefenseBriefsIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!