"Lockheed Warns of Further F-35 Upgrade Delays, Impacting Deliveries"
TL;DR
Lockheed Martin's production of the latest upgraded F-35 Joint Strike Fighters, featuring Technology Refresh 3 (TR-3) upgrades, is facing further delays, with deliveries not expected to resume until the third quarter of 2024. The TR-3 upgrades are necessary for preparing the F-35 for a subsequent wave of enhancements known as Block 4. The delays have resulted in a $400 million hit to Lockheed's sales, and the company is working to address software problems and integration challenges. The Pentagon and Lockheed are collaborating on a plan to accept undelivered jets before full TR-3 capabilities are validated, and the company is aiming to begin delivering TR-3 jets in the third quarter of 2024.
Topics:businessmilitary-technology#delivery-delays#f-35#lockheed-martin#military-technology#pentagon#tr-3-upgrades
- Upgraded F-35 deliveries slipping to fall 2024, Lockheed says Defense News
- Lockheed expects more F-35 upgrade delays, tempering 2024 deliveries Breaking Defense
- F-35 Deliveries On Hold Until Summer, But JPO May Accept Jets Without Proven TR-3 Air & Space Forces Magazine
- Lockheed F-35 Deliveries Hit Five-Year Low Aviation Week
- Lockheed Martin (LMT) Stock Falls on Risk of Delays to F-35 Fighter Jets Bloomberg
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