Lockheed to move F-35 jet parts sourcing to U.S. from Turkey

URLhttps://www.nasdaq.com/article/lockheed-to-move-f3
SourceNasdaq.com
Date Published07/23/2019
Author NameReuters
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lockheed Martin Corporation
Parent companyLockheed Martin Corporation
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2020
Country(ies) from which reshored:Turkey
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredF-35 military jet parts
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability , Other, security concerns, US sanctions
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