Lockheed Martin: A Huge F-35 Cash Blow?

Michael Fitzsimmons Lockheed Martin Corporation (NYSE:LMT) restarted F-35 deliveries in July this year. The delivery restart came after a year-long delivery pause following problems with the TR-3 upgrade for the F-35. During that time, Lockheed Martin kept building F-35s at the normal rate building a significant inventory. In my previous report, I marked the F-35 delivery restart as a driver of cash flow. However, the Pentagon is withholding $5 million out of an estimated $7 million in delivery payments for ...