June 17, 2019 / 8:13 AM / a month ago

Lockheed: No concern that Raytheon-UTC merger will affect F-35 programme

LE BOURGET, France, June 17 (Reuters) - Lockheed Martin F-35 programme manager Greg Ulmer said on Monday he had “no concern” that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 programme 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 programme, 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 defence system.

He said plans by the U.S. government to start winding down Turkey’s participation in the F-35 programme would not affect Lockheed’s production plan this year. (Reporting by Andrea Shalal; Editing by Mark Potter)

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