F-35 Fighter Jet

The Pentagon slashed its Air Force F-35 fighter jet request from 48 to 24 aircraft, delivering a significant blow to Lockheed Martin Corp. (NYSE:LMT) amid sweeping defense budget cuts. What Happened: A Defense Department procurement document sent to Congress this week reduced the Air Force’s...

Amid escalating trade tensions with the US, Canada is reassessing its multi-billion dollar order for F-35 fighter jets from Lockheed Martin Corp. (NYSE:LMT). What Happened: Canada is actively exploring alternative options to the U.S.-manufactured F-35 stealth fighter and plans to engage in...

The Biden administration is reportedly planning to slash the number of F-35 fighter jets ordered from Lockheed Martin Corporation (NYSE:LMT) by 18% in the upcoming 2025 budget. This decision comes as a result of Congress imposing a limit on the size of the defense budget. What Happened: Based on...

In a recent announcement, Lockheed Martin Corp. (NYSE:LMT) revealed that software issues might cause a delay in the delivery of an upgraded version of its F-35 fighter jets, leading to a significant drop in the company’s stock. What Happened: The world’s largest weapons manufacturer,...

The U.S. military has issued a public appeal to help locate an F-35B Lightning II jet that went missing over South Carolina following an in-flight “mishap” that led to the Marine Corps pilot’s ejection, The Guardian reported. The pilot safely ejected from the aircraft over North...

President-elect Donald Trump isn't playing around when it comes to taxpayers money. Championing himself as a master negotiator, Trump tweeted and called out Lockheed Martin Corporation (NYSE: LMT) on Monday, blasting the F-35 program and costs as "out of control." "Billions...

President-elect Donald Trump's campaign of promising government contracts are fulfilled at reasonable costs to taxpayers continued Monday. After blasting Boeing Co (NYSE: BA) for the $4 billion price tag attached to the manufacturing of the new Air Force One fleet, Trump on Monday turned his...