Lockheed Martin, Pentagon Agree On F-35 Production Rebaseline

The F-35 Joint Program Office and the Lockheed Martin Corp LMT industry team have agreed on an F-35 production rebaseline.
The production rebaseline ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last year during the COVID-19 pandemic.
As per the agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.
Price Action: LMT shares are trading higher by 1.71% at $355.5 on the last check Monday.

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