Pentagon And Lockheed Martin Reach Agreement Reducing F-35A Cost By 12.8 Percent

Date 29.10.2019

The F-35A is now below $80 million; lower cost than legacy aircraft

 

The F-35 Joint Program Office and Lockheed Martin (NYSE: LMT) finalized a $34 billion agreement for the production and delivery of 478 F-35s at the lowest aircraft price during the history of the Program. This contract includes all U.S., International Partners and Foreign Military Sales aircraft in Lots 12, 13 and 14.

In the agreement, the F-35 Enterprise meets and exceeds its long-stated cost reduction targets for each variant – and the F-35A unit price, including aircraft and engine, is now below $80 million in both Lot 13 and Lot 14, the F-35A unit cost represents an estimated overall 12.8 per cent reduction from Lot 11 costs for the conventional landing variant, and an average of 12.7 per cent savings across all three variants from Lot 11 to 14.

“Driving down cost is critical to the success of this program. I am excited that the F-35 Joint Program Office and Lockheed Martin have agreed on this landmark three-lot deal. This agreement achieves an average 12.7 per cent cost reduction across all three variants and gets us below $80 million for a USAF F-35A by Lot 13 – one lot earlier than planned,” said Air Force Lt. Gen. Eric Fick, F-35 Program Executive Officer. “This $34 billion agreement is a truly historic milestone for the F-35 Enterprise.”

The agreement includes 291 aircraft for the U.S. Services, 127 for F-35 International Partners, and 60 for F-35 Foreign Military Sales customers. Price details include:

 

Variant

Lot 12

Lot 13

Lot 14

% Reduction
from Lot 11*

F-35A

$82.4M

$79.2M

$77.9M

12.8%

F-35B

$108.0M

$104.8M

$101.3M

12.3%

F-35C

$103.1M

$98.1M

$94.4M

13.2%

*Please note: Final prices for F-35 variants following adjustments for
Congressional plus-ups and other contractual settlements are as
follows: F-35A – $89.3M; F-35B – $115.5M; and F-35C – $108.8M.
 

“With smart acquisition strategies, strong government-industry partnership and a relentless focus on quality and cost reduction, the F-35 Enterprise has successfully reduced procurement costs of the 5th Generation F-35 to equal or less than 4th Generation legacy aircraft,” said Greg Ulmer, Lockheed Martin, F-35 Program vice president and general manager. “With the F-35A unit cost now below $80 million in Lot 13, we were able to exceed our long-standing cost reduction commitment one year earlier than planned.”

The sub $80 million units recurring flyaway cost for an F-35 represents an integrated acquisition price for the 5th Generation Weapon System. With embedded sensors and targeting pods, this F-35 unit price includes items that add additional procurement and sustainment costs to legacy 4th Generation aircraft.

Program Progress

With more than 450 aircraft operating from 19 bases around the globe, the F-35 is playing a critical role in today’s global security environment. More than 910 pilots and 8,350 maintainers have been trained, and the F-35 fleet has surpassed more than 220,000 cumulative flight hours. Eight nations have F-35s operating from a base on their home soil and seven Services have declared Initial Operating Capability.

In addition to strengthening global security and partnerships, the F-35 provides economic stability to the U.S. and International Partners by creating jobs, commerce and security, and contributing to the global trade balance. The F-35 is built by thousands of men and women in America and around the world. With more than 1,400 suppliers in 46 states and Puerto Rico, the F-35 Program supports more than 220,000 direct and indirect jobs in the U.S. alone. The Program also includes more than 100 international suppliers, creating or sustaining thousands of jobs.

 

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE Lockheed Martin

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.


TOP Interviews

L 410 NG HEADS HIGH AND CAN LAND ANYWHERE

L 410 NG HEADS HIGH AND CAN LAND ANYWHERE

Date 22.9.2020

fl_en|fl_cs

The adventurous story of the extraordinary Czech aircraft L- 410, that can both handle extreme weather and land everywhere, continues. L-410 is one of the longest-produced aircraft  in its category in history. The variability of use is exceptional and will only grow with new markets. Mrs. Ilona Plšková, company’s CEO, shared the plans of Aircraft Industries. […]

Only a complete training system can make a difference

Only a complete training system can make a difference

Date 14.9.2020

fl_en|fl_cs

The tendency to stream pilot training at an earlier stage as in the past is being adapted globally to the new operating parameters and requirements. The G 120TP has been designed around the future needs of global air forces and sets a new and unmatched standard in military pilot training. Interview with Thomas (Tom) Reinert, H3 Grob […]

New NATO  initiative for training of military pilots and conditions for its success

New NATO initiative for training of military pilots and conditions for its success

Date 8.9.2020

fl_en|fl_cs

Stability of the security environment has been faltering since the 2008 Russian invasion of Georgia. NATO and EU countries are faced with an ever-increasing threat, primarily China and Russia’s ambition to expand their power and widen their sphere of influence. They invest heavily into their military forces, including the air force. The defense budgets of European […]

Flying is a passion for me

Flying is a passion for me

Date 1.10.2019

fl_en|fl_cs

An Interview with Damian Hirschier,  a certified test pilot that holds an Airline Transport Pilot License with a Category 1 Flight Test Rating. He flew more than 130 different aircraft types ranging from gliders up to airliners including 15 first flights of prototypes. By Katerina S. Urbanova You have performed a flight in an electrical […]

Show more

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.

More news

U.S. Army selects BAE Systems to deliver autonomy capabilities for Future Vertical Lift initiative

U.S. Army selects BAE Systems to deliver autonomy capabilities for Future Vertical Lift initiative

Date 5.11.2020

fl_en|fl_cs

BAE Systems awarded multiple contracts from the U.S. Army for the Advanced Teaming Demonstration (A-Team) program. BAE Systems has been awarded multiple contracts from the U.S. Army to develop key technologies for the Advanced Teaming Demonstration Program (A-Team). BAE Systems was the only company awarded contracts for three of the program’s four focus areas, designed […]

The L-39NG passed the aerodynamic tests for the Light Attack version

The L-39NG passed the aerodynamic tests for the Light Attack version

Date 4.11.2020

fl_en|fl_cs

Shortly after the L-39NG training version certification, an important initial step in the preparation of its armed version has been completed. A series of L-39NG tests took place in the low-speed wind tunnel of the Czech Aerospace Research Centre in Prague (VZLU), this time the tests were focused on the ability of the aircraft to […]

20 years of the L-159 aircraft in the Czech Air Force

20 years of the L-159 aircraft in the Czech Air Force

Date 18.10.2020

fl_en|fl_cs

In December 2020, it will be twenty years of operation of the L-159 ALCA light combat aircraft the Czech Air Force. The L-159 aircraft had played significant role in adapting the Czech tactical pilots to the new operational standards, and today, it is preparing new pilots before the transition to supersonic JAS-39 Gripen. On July […]

RED 6 SECURES INVESTMENT FROM LOCKHEED MARTIN VENTURES

RED 6 SECURES INVESTMENT FROM LOCKHEED MARTIN VENTURES

Date 18.10.2020

fl_en|fl_cs

Funds to Progress Futuristic Aerospace Training and Simulation for the Warfighter Santa Monica, CA, June 18, 2020 – Red 6, a revolutionary technology firm at the forefront of synthetic training, is pleased to announce that it has received a strategic investment from Lockheed Martin Ventures, the strategic investment arm of Lockheed Martin Corporation, a leader in […]

​ZeroAvia Completes World First Hydrogen-Electric Passenger Plane Flight

​ZeroAvia Completes World First Hydrogen-Electric Passenger Plane Flight

Date 5.10.2020

fl_en|fl_cs

 ZeroAvia, the leading innovator in decarbonising commercial aviation, has completed the world first hydrogen fuel cell powered flight of a commercial-grade aircraft. The flight took place yesterday at the company’s R&D facility in Cranfield, England, with the Piper M-class six-seat plane completing taxi, takeoff, a full pattern circuit, and landing. ​ ZeroAvia’s achievement is the […]

Life after Life: Czechoslovak  ex-military bestsellers

Life after Life: Czechoslovak  ex-military bestsellers

Date 5.10.2020

fl_en|fl_cs

One of the areas with a world-class footprint within the Czechoslovakian aviation industry is without a doubt recreational aviation. Although thousands of general aviation and other light aircraft were produced here by companies such as Let Kunovice and Moravan Otrokovice, or their successors, including ULL manufacturers, the largest number of registered planes by far is held by […]

Show more
Subscribe to our magazineRegister now