Lockheed Martin CFO Warns Of Delay In F-35 Contract Action

Lockheed Martin F-35
Credit: Alamy Stock Photo
Lockheed Martin does not expect to sign the contract for two lots of F-35 production before year-end, though it could secure a so-called “undefinitized” contract action that would enable the manufacturer to incur costs and book revenue on the program, CFO Jay Malave says. The company, in its third...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

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