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)
Historical Stock Chart

2 Months : From May 2019 to Jul 2019

Click Here for more Lockheed Martin Charts.

--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.

 

Full story: https://news.sky.com/story/f-35-jets-chinese-owned-company-making-parts-for-top-secret-uk-us-fighters-11741889

 

Write to Jeff McCulley at jeff.mcculley@wsj.com

 

(END) Dow Jones Newswires

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

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

Latest LMT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.