F-35 flight restrictions reduced; contract talks progressing

|By:, SA News Editor

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.