Overview

• The Biden administration is considering reducing its order of F-35 fighter jets by 18% for the 2025 budget, impacting Lockheed Martin's revenue.
• The cut, amounting to a $1.6 billion reduction, is part of efforts to meet spending caps agreed upon in a 2023 debt ceiling deal.
• Fort Worth political leaders express concerns over the potential economic impact, given Lockheed Martin's significant presence in the area.
• International orders, such as those from the Czech Republic and Greece, may offset some of the domestic order reductions.
• The defense budget is still under negotiation, leaving room for adjustments to the F-35 jet order numbers.