F-35 program could see increased production, defense official says

The F-35 program could get a production boost in 2015. Photo: Lockheed Martin Aeronautics

The F-35 program could get a production boost in 2015. Photo: Lockheed Martin Aeronautics

The Pentagon’s top weapons buyer said Lockheed Martin Aeronautics’ F-35 Joint Strike Fighter likely is poised for expanded production in fiscal 2015.

That’s great news for Marietta, Ga., where Lockheed’s Aeronautics unit builds components for the F-35.

Frank Kendall, under secretary for acquisition, said that progress on the program has been adequate to support “a decision to budget for increased rates” of production, Bloomberg reported. Lockheed (NYSE: LMT) manufactures the advanced fighter jets…Continue Reading

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