Lockheed Martin meets F-35 production target

Lockheed Martin has met government and industry targets for the year, delivering 66 F-35 Lightening II fighters to the U.S. and foreign customers, the company announced on Monday.

"Meeting our 2017 delivery commitment is a testament to the hard work and dedication of our joint government and industry team to deliver the transformational F-35 air system to the warfighter," Lockheed Martin Executive Vice President and F-35 Program General Manager Jeff Babione said in a press release. "The team continues to overcome program challenges and achieving this milestone gives our customers confidence that the F-35 enterprise can deliver on the increasing production quantities year-over-year."

The 66 F-35 deliveries in 2017 is a 40 percent increase from 2016. Lockheed Martin said it is ready to increase production volume year-over-year to hit full rate production of approximately 160 aircraft in 2023.

So far more than 265 F-35 aircraft have been delivered to U.S. and international customers, and more than 530 pilots and nearly 5,000 maintainers have been trained.

To prepare for an increase in production, Lockheed Martin has hired more than 1,300 employees at its facility at Fort Worth, Texas, since January 2017.

Lockheed said it will have reduced the cost of manufacturing an F-35A to $80 million by 2020. With the incorporation of lessons learned, process efficiencies, production automation and supply chain initiatives the current cost of an F-35A has come down more than 60 percent from the first contract. Production time has also decreased about 20 percent since 2015.

Qatar to buy Typhoon fighters from BAE
Washington (UPI) Dec 22, 2017
Qatar has become the ninth country to order Eurofighter Typhoon aircraft with the signing of a contract for 24 jets. The contract between Qatar, Britain and BAE Systems was inked Sunday in Doha and is worth more than $6.6 billion. "It is a great pleasure to sign our biggest export deal for the Typhoon in a decade," British Defense Secretary Gavin Williamson said at a signing cere ... read more

Related Links
Aerospace News at SpaceMart.com

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Monthly Supporter
$5+ Billed Monthly

SpaceDaily Contributor
$5 Billed Once

credit card or paypal