Chinese-Owned Company Makes Parts for F-35 Stealth Fighters -Sky News

Date : 06/14/2019 @ 8:01PM
Source : Dow Jones News
Stock : Lockheed Martin Corp. (LMT)
Quote : 356.98  -1.49 (-0.42%) @ 3:33PM

Chinese-Owned Company Makes Parts for F-35 Stealth Fighters -Sky News

Lockheed Martin (NYSE:LMT)
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--A Chinese-owned company is making circuit boards for the top secret next generation F-35 stealth fighters flown by the U.K. and the U.S., Sky News reported Friday.

--Exception PCB, a printed circuit board manufacturer in Gloucestershire, England, produces circuit boards that "control many of the F-35's core capabilities" including "engines, lighting, fuel and navigation systems," the report said, citing publicity material produced by the U.K. Defense Ministry.

--The ministry said the company presents "no risk" to the F-35 Joint Strike Fighter supply chain, although defense experts expressed concern that a Chinese-owned company is producing any parts for such a program, because of longstanding fears about Chinese espionage and rivalry, according to the report.

--Lockheed Martin Corp. (LMT), which heads the F-35 program, was unable to state categorically that no other Chinese-owned company was part of the program's global supply chain but said it was "not aware of any other Chinese-owned F-35 suppliers at this time," the report said, adding that Exception PCB didn't reply to emailed questions about its Chinese ownership.


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Write to Jeff McCulley at


(END) Dow Jones Newswires

June 14, 2019 14:46 ET (18:46 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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