US Navy fighter competition ejects Lockheed, sources say

Reuters
05 Mar
US Navy fighter competition ejects Lockheed, sources say

WASHINGTON, March 4 (Reuters) - The U.S. Navy will eliminate defense giant Lockheed Martin Corp LMT.N from the competition to build its next-generation carrier-based stealth fighter - a key part of broader plans to confront China on its home turf, people familiar with the decision said.

The Navy will move ahead with designs from Boeing Co BA.N and Northrop Grumman Corp NOC.N while eliminating Lockheed Martin LMT.N from the next-generation fighter jet competition, dubbed the F/A-XX. The new jet will replace the Navy's F/A-18E/F Super Hornet fleet, which has been in service since the 1990s.

Lockheed Martin did not immediately respond to a request for comment.

(Reporting by Jasper Ward; Editing by Leslie Adler)

((Jasper.Ward@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10