Lockheed Martin Raises Sales Target Amid Renewed Demand for Fighter Jets and Missiles
Tuesday, 23 July 2024, 11:30
Lockheed Martin Increases Annual Sales Target
U.S. defense company Lockheed Martin has raised its annual sales target. This adjustment comes after the unexpected resumption of deliveries of its F-35 aircraft.
Pentagon Resumes F-35 Deliveries
The U.S. resumed taking F-35 deliveries after months of delays caused by software upgrades. Specifically, the Pentagon began accepting the jets last week, which is a significant development for the company.
Technology Refresh 3 Program
- The upgrades are part of the Technology Refresh 3 program.
- This program enhances the F-35's displays and processing power.
- These improvements will make the aircraft more competitive in the market.
In summary, Lockheed Martin is poised for a successful year with its revised sales expectations driven by the renewed demand for fighter jets and missiles.
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