Categories: Stock Market News

Lockheed Martin delivers 110 F-35 fighter jets in 2024


(Reuters) – Lockheed Martin (NYSE:LMT) delivered a complete of 110 F-35 fighter jets to the US and its allies in 2024, the Bethesda, Maryland-based protection contractor stated in a press release on Wednesday.

The supply complete achieves the upper finish of the vary of 75 to 110 jet deliveries CEO Jim Taiclet gave in an earnings name final summer season.

Lockheed lifted its gross sales goal in July after the Pentagon resumed taking F-35 deliveries following a months-long pause on delays on its software program improve. Lockheed has been upgrading the jets below the Know-how Refresh 3, or TR-3 program, which provides the F-35 higher shows and processing energy.

Lockheed’s F-35 program contributes round 30% of the corporate’s income.

“Lockheed Martin is totally dedicated to advancing and delivering unmatched air dominance options to the US and our allies, serving to to make sure America continues to personal the skies,” the corporate stated in a press release.

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