“Given where we are in that negotiation, we don't expect to be completed by the end of this quarter, and that will cause an impact in the quarter — up to about $500 million in sales, and potentially about $500 million of cash flow in the quarter,” Lockheed's Chief Financial Officer Jay Malave said.
Following developmental woes, Lockheed Martin plans to invest over $350 million in the F-35 program over the next five years, which the company told Breaking Defense will be geared toward "enhancing capabilities and driving efficiency across the F-35 enterprise."
AI, autonomous systems, cyber, and EW converge as industry targets faster battlefield effects.
"Poland is the only country in the world that shares the common borders at the same time with Russia, with Ukraine and with Belarus. To keep the borders unchanged, we need the best equipment, the best capability and the best friends," said Deputy Minister of National Defence Cezary Tomczyk.
“Since not everything that we contracted for has been delivered, payment is also not complete. We will not pay for that which we have not yet received,” said Air Force acquisition chief Andrew Hunter.