Author: Jane Edwards|| Date Published: June 19, 2023
Jim Taiclet, chairman, president and CEO of Lockheed Martin(NYSE: LMT), said he believes the company is in a “strong position” given with the White House’s fiscal year 2024 budget request of approximately $886 billion for the Department of Defense, FlightGlobal reported Sunday.
The proposed budget for DOD reflects a 3.3 percent year-on-year increase in defense spending.
Taiclet, a two-time Wash100 awardee, said the Biden administration’s FY 2024 budget request for the Pentagon includes funds for 83 Lockheed-built F-35 fighter jets.
“That’s the level we need,” Taiclet said. “We don’t need to ask for more production aircraft to fill the factory.”
In 2022, the Bethesda, Maryland-based defense contractor manufactured 141 F-35s.
Lockheed plans to produce 156 units of the fighter jet per year by 2025 and Taiclet said many of those aircraft will come from foreign military customers.
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