https://sputnikglobe.com/20240829/pentagon-slaps-lockheed-with-5mln-per-f-35-withheld-until-upgrades-work---reports-1119953332.html
Pentagon Slaps Lockheed With $5Mln Per F-35 Withheld Until Upgrades Work - Reports
Pentagon Slaps Lockheed With $5Mln Per F-35 Withheld Until Upgrades Work - Reports
Sputnik International
The US Defense Department is going to hold Lockheed Martin accountable by withholding $5 million each of up to 110 F-35 fighter jets scheduled to be delivered by the end of this year.
2024-08-29T19:07+0000
2024-08-29T19:07+0000
2024-08-29T19:07+0000
military
us
military & intelligence
f-35
lockheed martin
pentagon
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The Defense Department’s F-35 program office confirmed the new policy in a statement issued to the news outlet earlier in the day. Lockheed Martin revealed the new policy to the public on Tuesday in a filing it made to the Securities and Exchange Commission. The troubled hardware and software upgrade package is known as TR-3. Eighteen F-35 jets with the TR-3 upgrade package were delivered to the US armed forces by August 19.
https://sputnikglobe.com/20240702/rain-or-shine-theyre-just-fine-f-35s-awaiting-upgrade-could-face-millions-in-weather-damage-1119223768.html
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us defense department, lockheed martin, f-35 program, lockheed martin to pay fine, lockheed martin contracts
us defense department, lockheed martin, f-35 program, lockheed martin to pay fine, lockheed martin contracts
Pentagon Slaps Lockheed With $5Mln Per F-35 Withheld Until Upgrades Work - Reports
WASHINGTON (Sputnik) - The US Defense Department is going to hold Lockheed Martin accountable by withholding $5 million each of up to 110 F-35 fighter jets scheduled to be delivered by the end of this year until their hardware and software upgrades are fully functioning, Bloomberg reported on Thursday.
The Defense Department’s
F-35 program office confirmed the new policy in a statement issued to the news outlet earlier in the day.
Lockheed Martin has informed the Defense Department it plans to deliver 75 to 110 of the super-expensive and repeatedly delayed fifth generation combat aircraft to the US armed forces by December 31.
Lockheed Martin revealed the new policy to the public on Tuesday in a filing it made to the Securities and Exchange Commission. The troubled hardware and software upgrade package is known as TR-3.
Eighteen F-35 jets with the TR-3 upgrade package were delivered to the US armed forces by August 19.