Lockheed sees US$1.1b liability if F-35 deal delayed

US weapons maker Lockheed Martin Corp said it faced a potential termination liability of us$1.1 billion on the F-35 fighter program unless it received additional funding for production of a sixth batch of airplanes by year end.

Lockheed disclosed the potential exposure in a filing with the US Securities and Exchange Commission a day after company officials cited “great progress” on the fighter jet program.

via Business feed http://www.scmp.com/business/companies/article/1070229/lockheed-sees-us11b-liability-if-f-35-deal-delayed