Lockheed Martin Corp forecast 2020 revenue above analysts' estimates on Tue...
) are expected to outperform this year, in line with the sector’s general pattern during presidential election years.
The F-35 comes in three configurations, the A-model for the U.S. Air Force and U.S. allies; a F-35 B-model which can handle short takeoffs and vertical landings; and carrier-variant F-35C jets for the U.S. Navy. The F-35 program, which makes up about 25% of Lockheed’s annual revenue, delivered a total of 134 of the stealthy jets in 2019 and aims to deliver 141 F-35s in 2020.
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