Index Investing News
Friday, June 5, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

F-35 jet deliveries can resume following waiver for Chinese-origin alloy, Pentagon says By Reuters

by Index Investing News
October 8, 2022
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel Schmidt/File Photo/File Photo/File Photo

By Mike Stone

WASHINGTON (Reuters) – Deliveries can resume for Lockheed Martin Corp (NYSE:)’s F-35 jet under a waiver allowing Chinese-origin alloy to go into an engine part, the Pentagon said on Saturday.

In September the Pentagon stopped accepting new F-35 jets after it discovered a magnet in the stealthy fighter’s engine was made with unauthorized material from China.

The waiver, signed Oct. 8 by William LaPlante, the Pentagon’s chief weapons buyer, allows an alloy in the engine’s lubricant pump that does not comply with U.S. procurement laws. Those bar unauthorized Chinese content in the jet.

The acceptance of the aircraft is necessary for national security interests, LaPlante said in a statement, adding that the determination applies until the last aircraft under the contract is accepted, currently projected for October 2023.

The pump supplier, Honeywell International Inc (NASDAQ:), will work to find an alternative source for the metal and use that in future lubricant pumps.

The magnet does not transmit information or harm aircraft, and that there are no security risks involved.

Lockheed Martin, which manufactures the jets, had said the issue was “related to a magnet on the F-35 Turbomachine manufactured by Honeywell that includes cobalt and samarium alloy.”

An alternative source for the alloy will be used in future, the Joint Program Office said in its statement.

There are other Chinese-origin magnets on the jet that have received waivers from past Pentagon officials.



Source link

Tags: alloyChineseorigindeliveriesF35jetPentagonresumeReuterswaiver
ShareTweetShareShare
Previous Post

The Crimea bridge explosion is a devastating blow to morale for Putin and Russia

Next Post

Comus Investment 2022 Q3 Letter

Related Posts

My New Book: Investing in America – Meb Faber Research

My New Book: Investing in America – Meb Faber Research

by Index Investing News
May 31, 2026
0

What if the greatest investment in history wasn’t a stock… but a country? On July 4th, 2026, America turns 250...

Lululemon: The Sell-Off Is Overdone, But Don’t Fall In Love With The Stock (NASDAQ:LULU)

Lululemon: The Sell-Off Is Overdone, But Don’t Fall In Love With The Stock (NASDAQ:LULU)

by Index Investing News
May 23, 2026
0

This article was written byFollowI am an investment professional with over 7 years of experience spanning quant equities, asset management,...

The Real Cost of Keeping Up With the Joneses

The Real Cost of Keeping Up With the Joneses

by Index Investing News
May 27, 2026
0

Your neighbor pulls into the driveway with a new car. Your coworker shows up to the office with the latest...

Friday File: Portfolio Construction in a Time of Greed and Fear

Friday File: Portfolio Construction in a Time of Greed and Fear

by Index Investing News
May 19, 2026
0

Irregulars Quick Take Paid members get a quick summary of the stocks teased and our thoughts here. Join as a...

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

by Index Investing News
May 11, 2026
0

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 2, 2026.CNBCBerkshire...

Next Post
Comus Investment 2022 Q3 Letter

Comus Investment 2022 Q3 Letter

Tell the truth (lessons from Iran and Iraq)

Tell the truth (lessons from Iran and Iraq)

RECOMMENDED

Mexican bottler Arca reports 24% rise in Q4 net profit By Reuters

Mexican bottler Arca reports 24% rise in Q4 net profit By Reuters

February 9, 2023
After conquering crypto, Ripple Labs needs to tackle conventional finance

After conquering crypto, Ripple Labs needs to tackle conventional finance

November 12, 2025
Dogecoin Value Prediction for At present, October 21 – DOGE Technical Evaluation

Dogecoin Value Prediction for At present, October 21 – DOGE Technical Evaluation

October 22, 2024
Thermo Fisher Scientific to buy Olink in .1 billion deal By Reuters

Thermo Fisher Scientific to buy Olink in $3.1 billion deal By Reuters

October 17, 2023
The Iron Regulation of Political Optics

The Iron Regulation of Political Optics

August 17, 2022
SoundHound Stock Rides the AI Hype Train

SoundHound Stock Rides the AI Hype Train

February 8, 2023
Housing is Scarce? Then Fine Those Who Provide It

Housing is Scarce? Then Fine Those Who Provide It

May 22, 2023
Is Florida’s Housing Market About To Get Even More Unaffordable? What You Need To Know

Is Florida’s Housing Market About To Get Even More Unaffordable? What You Need To Know

October 31, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In