Lockheed Martin misses F-35 jet delivery target due to COVID-19

Lockheed Martin misses F-35 jet delivery target due to COVID-19

© Reuters. U.S. Marine Corps Lockheed Martin F-35B Lightning II Joint Strike fighter jet during Exercise Valiant Shield 18 in Japan © Reuters. U.S. Marine Corps Lockheed Martin F-35B Lightning II Joint Strike fighter jet during Exercise Valiant Shield 18 in Japan

(Reuters) – Lockheed Martin Corp (NYSE:LMT) said on Monday it had missed its target to deliver 141 F-35 fighter jets to the United States and its allies in 2020, as it built 8% fewer jets after the coronavirus pandemic hampered its supply chain and factories.

The defense contractor delivered 123 aircraft in 2020, underperforming its target established in late 2019.

The company in May revised down the target to 117-123 aircraft due to parts shortage.

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