US: Raytheon-UTC merger will not affect F-35 program

Lockheed Martin F-35 program manager Greg Ulmer said on Monday, June 17, he had “no concern” that the proposed merger of Raytheon and United Technologies would affect the F-35 program or pressure its margins.

“I don’t see any concern,” Ulmer told reporters at the Paris Airshow when asked if the merger of two key suppliers would affect the F-35 program, which is working hard to reduce costs.

Ulmer also said Turkish firms continued to produce components for the aircraft despite a row over Ankara’s plans to buy the Russian S-400 air defense system.

He said plans by the US government to start winding down Turkey’s participation in the F-35 program would not affect Lockheed’s production plan this year.

Full Content: Reuters

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