Lockheed risks losing $40 million over F-35 software that’s late

Lockheed Martin could lose up to $40 million because it’s late delivering fully functioning software for the first F-35 fighters due to be declared combat-ready, according to the Pentagon. The money is part of $100 million that the Pentagon’s program office has held out as incentives for Lockheed, the contractor on the $391.1 billion F-35 program, to complete three successive versions of software needed to give the jet increasingly advanced combat capabilities.

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