by Gillian Rich • Investor’s Business Daily
A matchup between Lockheed Martin’s (NYSE:LMT) F-35 vs. the older A-10 Warthog isn’t so “silly” after all. The Pentagon’s Office of Operational Test and Evaluation said late Thursday that it would run tests to evaluate how the F-35 stacks up in close-air support vs. the A-10, according to Defense News. The tests will use the latest upgrade of the 3F software for the F-35 and take place in 2018.
Lockheed shares fell 0.9% to 203.61 in late-afternoon trade in the stock market today.
The announcement comes after Air Force chief of staff Gen. Mark Welsh told the press Monday that he wasn’t aware of any tests between the two planes and said a matchup “would be a silly exercise.” [Read more...]