Lockheed Martin (LMT) has shared an update.
Lockheed Martin has commenced the delivery of their first F-35 aircraft equipped with the latest Technology Refresh 3 (TR-3), maintaining a steady production rate of 156 aircraft annually. They anticipate delivering between 75 and 110 TR-3 configured aircraft in the latter half of 2024. The company is coordinating with the F-35 Joint Program Office on final payment schedules and phased delivery terms while prioritizing advancements in TR-3 and Block 4 capabilities to meet customer mission needs. However, these forward-looking statements are subject to various risk factors that could affect actual outcomes, including production challenges, supplier performance, budget constraints, and government regulations.
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