Airbus is amassing €10bn as protection against future crises and to prepare for investment when needed in new generation aircraft, according to its chief financial officer. Dominik Asam said the European champion wanted to be “rock solid” against emergencies such as the Covid-19 pandemic. The manufacturer also wants to maintain the flexibility to invest in fresh programmes, particularly in the event of US rival Boeing developing a new jet, or consider acquisitions.
Lockheed (LMT) is going to offer engineering, maintenance, logistics and material support, concerning the consistent development, sustainment and manufacture of software builds for F-35 jets.
Lockheed's (LMT) unit, Aeronautics, will procure initial spares to support F-35 Lightning deliveries from the 16th lot.