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Air Force

Lockheed Martin Will Likely Need to Speed Production to Meet 148 F-35 Delivery Goal This Year

Frank Wolfe Frank Wolfe
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Lockheed Martin Will Likely Need to Speed Production to Meet 148 F-35 Delivery Goal This Year
Sixteen U.S. Air Force F-16CM Fighting Falcons, 12 Japan Air Self-Defense Force (JASDF) F-35A Lightning II Joint Strike Fighters, two JASDF E-2C Hawkeyes, one JASDF CH-47 Chinook, one U.S. Navy EA-18G Growler, one USN C-12 Huron, and one USN P-8 Poseidon perform a wing capabilities demonstration to culminate a week-long readiness exercise at Misawa Air Base, Japan on May 13 (U.S. Air Force Photo)

Lockheed Martin [LMT] delivered 26 F-35 Lightning II fighters to the U.S. Air Force, Navy, and international buyers in the first quarter of this year, but the company will likely have to accelerate production in the last three quarters of this year to meet its goal of delivering 148 to 153 F-35s in 2022. If the the first quarter pace holds steady, deliveries would fall 44 to 49 F-35s short of the goal for 2022, but  Lockheed Martin said that…

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