Lockheed Martin Corp said on Tuesday it was working to establish alternate suppl...
) said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.
“We’ve been working to wind down the Turkish industry involvement and so we have a timeline that we’re working towards ... it’s out through March of 2020 that we think it will all be resolved,” CEO Marillyn Hewson said. The country has said it plans to buy a total of 100 aircraft over the years, but following President Donald Trump’s sanctions, Turkey will not be able to buy the jets. Hewson said several other countries such as Poland have expressed interest to become an alternative buyer.
Lockheed’s missiles and fire control unit, which makes missile defenses like the Terminal High Altitude Area Defense , was one of its best-performing units where sales grew 15.6% to $2.41 billion during the quarter.
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