The U.S. government will compensate F-35 suppliers for any financial costs caused by the expulsion of Turkey from the program, a Lockheed Martin executive says. “If there is any harm to industry, we will be compensated for that,” says Kenneth Possenriede, Lockheed’s chief financial officer, speaking to analysts on a July 23 earnings call. The Pentagon announced a decision on July 16 to ban Turkey’s government and industry from the F-35 program over deliveries of an ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "DOD To Compensate F-35 Suppliers For Turkey Costs".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.