F-35 sales affect L-M’s bottom line
Nearly six weeks after halting deliveries of new F-35 fighters, Lockheed Martin CEO Jim Taiclet says the company is awaiting results of an investigation of a December 15 mishap before resuming acceptance flights and deliveries. While the pause was a factor in an F-35 sales decline at loss of some US$310 million, the company’s aeronautics division had nearly US$27 billion in net sales in 2022, up $239 million from 2021. [node:read-more:link]