If there's one thing a company doesn't want to be known for, it's failure. Arguably, next in line to failure would be asininely expensive. Unfortunately for Lockheed Martin (NYSE: LMT ) , the F-35 has a reputation for both. And at a time when defense spending cuts are hurting domestic spending, overseas spending is of paramount importance. But for the F-35, overseas customers are backing away -- quickly. So what does this mean for Lockheed's stock?
Source: USAF via Wikimedia Commons.�
I'm sorry, how much?!
When Lockheed first started the F-35 program, it promised the fighter would cost less to operate than the F-16. Well, almost $400 billion later, a decade overdue, and still not working properly, preliminary estimates for the F-35A put the operating cost as 10% more expensive than the F-16, or $24,000 per flying hour.�
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Superglass Holdings Plc engages in the manufacture and sale of glass fiber insulation materials in the United Kingdom, Ireland, and internationally. The company offers a range of thermal and acoustic mineral wool products for the construction industry. Its products are used in roofs and ceilings, external walls, ground floors, party walls/partitions, profiled metal clad buildings, cavity fire barriers, blown cavity insulation, and internal floors separation applications. The company markets its products through distributors and builder merchants. Superglass Holdings Plc was founded in 1987 and is based in Stirling, the United Kingdom.
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