Lockheed running out of parking space amid F-35 delays, says watchdog [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
Government Accountability Office said in a report released Thursday. Furthermore, the F-35 program's testing capacity is stretched thin and will worsen once the Technology Refresh 3 software upgrade and the Block 4 update are ready, GAO found TR-3 involves a slate of improvements for the aircraft, such as improved cockpit displays, better computer memory and more processing power. TR-3 is needed before another group of more in-depth upgrades, known as Block 4, can be installed on the F-35. Block 4 will allow the jet to carry more weapons and provide upgrades to its electronic warfare capabilities. But TR-3 is overdue due to problems with its software and delays in the production of key parts. Test officials told the government watchdog that TR-3's software remains “unstable,” almost a year after deliveries were supposed to start. Since July 2023, the Pentagon has refused to accept delivery of the newest F-35s that will be enabled with TR-3. Most F-35s are built at Lockheed's f
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LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 6/12/24 - Form 144
- 6/6/24 - Form 144
- 6/5/24 - Form 4
- LMT's page on the SEC website