What Happened
Development Problems Delay Deliveries To Taiwan And Morocco
Lockheed Martin has faced development problems with its latest F-16 configuration, leading to delayed deliveries to Taiwan and Morocco. The issues, which arose during flight testing, have dented the company’s earnings, compounding the impact of problems with the C-130J Hercules program. According to Robert Wall, Executive Editor for Defense and Space at Aviation Week, CFO Evan noted the rework required due to these issues. This news was first reported by Aviation Week.