Pentagon and Lockheed Martin ink $34bn F-35 contractChristian Fernsby ▼ | October 30, 2019
The F-35 Joint Program Office and Lockheed Martin 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.
America F-35 joint strike fighter
Topics: Pentagon Lockheed Martin
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 percent reduction from Lot 11 costs for the conventional landing variant, and an average of 12.7 percent savings across all three variants from Lot 11 to 14.
The sub $80 million unit 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. ■