By Michael Dabaie

 

Lockheed Martin Corp. said it and the Pentagon agreed to a F-35 production rebaseline.

The company said the updated schedule ensures production predictability and stability while recovering the aircraft shortfall over the last year during the Covid-19 pandemic.

With this agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.

More than 700 F-35s have been delivered and are operating from 21 bases around the world, the security and aerospace company said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

September 27, 2021 08:37 ET (12:37 GMT)

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