The settlement covers refund for Lockheed’s fighter aircraft parts deliveries between 2015 and early 2020 that were deemed inadequate for installation due to a lack of electronic data the Department of Defense needs to monitor the service of life of jet components.
Brett Ashworth, a spokesman for Lockheed, told Bloomberg the company remains “focused on increasing F-35 readiness while driving down sustainment costs.”
The fiscal 2021 National Defense Authorization Act mandates that DOD include details of the accord in the department’s next budget request, the report noted.
