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Market Chatter: Lockheed Martin Faces Significant Blow as US Air Force Cuts F-35s Request in Half
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Market Chatter: Lockheed Martin Faces Significant Blow as US Air Force Cuts F-35s Request in Half
Jun 11, 2025 3:35 AM

06:22 AM EDT, 06/11/2025 (MT Newswires) -- Lockheed Martin ( LMT ) is facing a setback as the US Air Force scaled back its request for the F-35 by half, Bloomberg News reported Wednesday.

A procurement request document sent to Capitol Hill this week asked for only 24 of the warplanes instead of the 48 forecast last year, according to the report.

However, the request may see major changes as the defense contractor has many supporters in Congress who could change the budget outlook for the F-35 program, Bloomberg said.

The US Air Force had planned to procure a total of 1,763 F-35As before the planes started facing criticism under President Donald Trump. About 967 have been put on contract so far, with 747 delivered, according to the report.

Lockheed Martin ( LMT ) did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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