Lockheed Martin misses F-35 jet delivery target due to Covid-19
[WASHINGTON] Lockheed Martin said on Monday it had missed its target to deliver 141 F-35 fighter jets to the United States and its allies in 2020, as it built 8 per cent fewer jets after the coronavirus pandemic hampered its supply chain and factories.
The defence contractor delivered 123 aircraft in 2020, underperforming its target established in late 2019.
The company in May revised down the target to 117-123 aircraft due to parts shortage.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota sees 20% full-year profit decline after blockbuster Q4
BMW says costs, low used car prices to weigh on 2024 pre-tax profit
Global car giants seek tech allies in China’s cutthroat EV market
Elon Musk proposed to launch robotaxis in China during April visit: state media
Tesla sends top executive back to China as sales slump worsens
Qantas boss says demand for premium class seats at record levels