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F-35 flight restrictions reduced; contract talks progressing

Aug. 14, 2014 4:27 AM ETLockheed Martin Corporation (LMT) StockLMT, UTXBy: Yoel Minkoff, SA News Editor2 Comments
  • Restrictions on Lockheed Martin (NYSE:LMT) F-35 fighter jets have again been reduced, allowing the 20+ test planes in the U.S. fleet to fly six hours between engine inspections instead of three.
  • The jets were grounded for three weeks after a June 23 engine failure, and have since been imposed with flight limitations.
  • Contract talks between prime contractor Lockheed, and enginemaker Pratt & Whitney (NYSE:UTX) are said to be now progressing for the next batch of aircraft and engines.

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