WASHINGTON (Reuters) -Deliveries of F-35 jets to the U.S. military have resumed, but the U.S. government is withholding the final $5 million payment for each jet until the completion of a long-delayed technology upgrade, the F-35 Joint Program Office said on Thursday. The U.S. resumed taking F-35 deliveries of the jet this summer after a months-long pause despite the jet’s Technology Refresh 3 (TR-3) running behind schedule. Deliveries trigger a payment to Lockheed Martin, but withholding $5 million per jet will impact Lockheed’s profit margin, and push the company to resolve this issue which it has said will still take months.
Source
Nvidia’s $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors
Although share repurchases are known for lifting earnings per share (EPS) and instilling confidence in investors, Nvidia’s decision to announce a hefty buyback program will struggle on both fronts. Source
