Pentagon Frees More F-35 Payments to Lockheed Martin on Upgrades Citing Progress
A US Air Force F35A fighter jet.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The Pentagon is reducing the funds withheld from Lockheed Martin Corp. for F-35s jets by $1.2 million a plane as the contractor works to verify and install the latest version of the fighter jet’s most capable hardware and software.
The Pentagon had been withholding about $5 million per plane for 106 of the 110 F-35 planes that Lockheed delivered last year.