F-35 flight restrictions reduced; contract talks progressing


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.

From other sites
Comments (2)
  • jake319
    , contributor
    Comments (107) | Send Message
     
    Delays, overruns, faulty design and workmanship. What could go wrong.
    16 Aug 2014, 08:44 AM Reply Like
  • crazty4tennis
    , contributor
    Comments (1265) | Send Message
     
    Everything!
    19 Aug 2014, 09:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs