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Lockheed Martin out of U.S. Navy’s next-gen fighter jet competition - report

Published 04/03/2025, 23:34
© Reuters.
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Investing.com -- The U.S. Navy has decided to exclude Lockheed Martin Corp (NYSE:LMT) from the competition to construct its forthcoming carrier-based stealth fighter, Reuter reported citing people with knowledge of the matter. This decision is a significant component of wider U.S. strategies to challenge China.

The Navy plans to proceed with designs from Boeing Co (NYSE:BA) and Northrop Grumman Corp (NYSE:NOC), thereby eliminating Lockheed Martin from the competition for the next-generation fighter jet, referred to as the F/A-XX. This new aircraft is set to substitute the Navy’s F/A-18E/F Super Hornet fleet, which has been operational since the 1990s.

At the time of this report, Lockheed Martin had not provided a comment on this development.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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