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Wednesday, March 25, 2015

Lockheed likely to lose some incentive over F-35 software delay

Lockheed Martin Corp is likely to lose some incentive fees due to delays in final delivery of the 2B software it is developing for the F-35 fighter jet, the Air Force general who runs the $391 billion program told reporters on Tuesday.

Lieutenant General Chris Bodgan said software testing in December revealed problems with the ability of the jets to fuse data about threats on the ground when four F-35s were flying at once. But the Marine Corps still planned to declare its F-35 B-model jets ready for initial combat use in July, he said.

The issue was being corrected and tested, he said, but the final version of the software would not be ready until early fall, instead of June, as planned.

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