Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Lockheed aims to produce 169 F-35 fighter jets in 2022

Published 06/02/2021, 01:14 PM
Updated 06/02/2021, 01:16 PM
© Reuters. FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018.    REUTERS/Axel Schmidt/File Photo/File Photo/File Photo

(Reuters) - Lockheed Martin Corp (NYSE:LMT) aims to produce and deliver about 169 F-35 fighter jets in 2022, the U.S. weapons maker said on Wednesday at a conference hosted by brokerage Bernstein.

The company said it expects the production rate for the jets to eventually plateau at about 175 aircraft per year after 2022, based on the demand by the United States government and partner countries.

Lockheed's decision to enter full rate production for the jets has been delayed as the COVID-19 pandemic disrupted operations at aircraft manufacturers and their supply chains. The company is expected to deliver between 133 and 139 jets in 2021.

Latest comments

I feel sorry for the governments of poland, taiwan,india,south korea who will believe and buy this disaster.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.