The software and hardware upgrade was originally supposed to be ready in April 2023, but challenges with software stability ...

Lockheed Martin faces risks from F-35 program cuts, increased competition, and heavy reliance on U.S. defense spending. Learn ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...

Facing budget constraints and shifting priorities, the US military significantly reduced F-35 orders, impacting Lockheed ...

The Air Force typically buys four or five dozen F-35s each year. The plan to purchase only 24 would represent a major scaling ...

With the US slashing its own F-35 orders and Canada facing a massive cost surge, doubts grow over America’s push to sell the ...

The defense contractor's shares fell on Wednesday amid a report that the Pentagon was only requesting 24 F-35s from Congress.

Pentagon officials have trimmed the U.S. Air Force's F-35A fighter jet order dramatically, requesting just 24 aircraft in fiscal year 2026-cutting it ...

Shares of defense prime contractor Lockheed Martin fell early Wednesday on concerns the Air Force isn’t ordering as many F-35 ...

The Pentagon is also requesting fewer F-35s for the Navy and Marine Corps compared to current-year funding levels. The Navy is seeking $1.95 billion for 12 carrier variants, down from 17, while the ...

The Air Force has cut in half its request to Congress for its signature F-35s, dealing a blow to Lockheed Martin Corp., the ...

The total reduction in revenue for Lockheed Martin could be as high as $3.5 billion. Lockheed Martin did $71 billion in ...