Lockheed Chief Financial Officer Bruce Tanner boasted that his company’s profits are likely to increase.
|The plane’s operational software remains a serious weakness and may not be compatible with the Royal Navy ships. Even Britain’s new aircraft carrier, HMS Queen Elizabeth, may be unable to receive transmissions from the planes. These technical faults compelled the US Department of Defense (DoD) to spend nearly $4 billion to modernize the fighter jets. Lockheed Martin made almost $89 million in profit at the expense of British taxpayers in just three months by repairing the jets.|