Lockheed Martin managed to disclose all the issues with its F-35 in one simple sentence
Advertisement
Earlier this week, Lockheed Martin, the Pentagon's top weapons supplier and manufacturer of America's most expensive weapons system, posted better than expected quarterly results.
Advertisement
Considered a bellwether for the US defense sector, Lockheed Martin's eye sore takes shape in the now nearly $400 billion F-35 Lightning II stealth fighter jet.
In the company's latest 10-K filed with the SEC, the world's largest defense contractor concisely addressed the troubled F-35.
Here's the simple disclosure from Lockheed Martin:
"Current programs include, but are not limited to, ... "
Advertisement
The F-35 is one of the most challenged weapons programs in the history of the Department of Defense. Since its inception in 2001, the F-35 has experienced setbacks that include faulty ejection seats, software delays, helmet display issues, and inability to dogfight.
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance