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Lockheed Announces Alternate Work Schedule for F-35 Production Staff; Michele Evans Quoted

Michele Evans

Lockheed Martin (NYSE: LMT) has agreed with the International Association of Machinists and Aerospace Workers to implement an alternate work schedule to continue to staff the F-35 production line in Fort Worth, Texas, in response to supplier delays due to the coronavirus pandemic.

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Lockheed Reports Accelerated Progress Payments to Defense Suppliers

Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states.

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