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Tag Archives: F-35A

Vice Adm. Mathias Winter: JPO Eyes Lot 11 F-35 Deal With Lockheed by mid-October

Navy Vice Adm. Mathias Winter, head of the F-35 joint program office, has said he expects JPO to close a deal with Lockheed Martin (NYSE: LMT) for lot 11 F-35 Lightning II aircraft by Oct. 15, Defense News reported Thursday. Winter told reporters Wednesday after his speech at the Defense News Conference the …

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Lockheed to Produce 50 Lot 11 F-35s for FMS Clients Under $3.7B Navy Contract Modification

Lockheed Martin (NYSE: LMT) has received a potential $3.69 billion contract modification from the U.S. Navy for the low-rate initial production of 50 lot 11 F-35 Lightning II aircraft for foreign military sales clients. The modification covers the production of 22 F-35A jets for FMS customers, eight F-35As for the Netherlands, six F-35As for Norway, four …

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Marines Plan to Buy 13 Additional F-35s

The Marines plan to add 13 F-35s to their program, bringing the total to 2,456 jets, according to the latest figures included in the 2017 annual Selected Acquisition Report. The program’s acquisition costs rose to $406.5 billion from $379 billion, below SAR estimates, according to the report. Some of the …

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DoD Estimates F-35 Program Costs to Spike to $406 Billion

The Pentagon’s most expensive  F-35 fighter jet program is expected to become even more pricey as costs spike nearly 7 percent to $406.5 billion. There is at least $27 billion in overruns, according to a draft of the Selected Acquisition Report to be submitted this week to Congress obtained by Bloomberg. …

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Lockheed Gets $5.6B Modification on Lot 11 F-35 Production Contract

Lockheed Martin (NYSE:LMT) has received a potential $5.58 billion contract modification from the U.S. Navy for the low-rate initial production of lot 11 fiscal 2017 F-35 Lightning II aircraft. The modification covers the production of 48 F-35As for the U.S. Air Force, 18 F-35Bs for the U.S. Marine Corps and eight F-35Cs for …

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Lockheed Lands $258M Contract Modification for Lot 10 F-35 Pilot Flight Equipment

Lockheed Martin (NYSE: LMT) has received a potential three-year, $257.8 million contract modification from the U.S. Navy to supply alternate mission tools, pilot flight equipment and red gear to support the low rate initial production of lot 10 F-35 Lightning II fighter jets. The firm-fixed-price modification covers purchases from the Navy, U.S. Air Force, U.S. Marine …

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Lockheed Martin Partner in Japan Rolls Out 1st Locally Assembled F-35A

TYSONS CORNER, VA, June 7, 2017 — Lockheed Martin (NYSE: LMT) has unveiled the first Japan-assembled F-35A fighter aircraft during a ceremony held at the Mitsubishi Heavy Industries-run F-35 final assembly and check out facility in Nagoya, ExecutiveBiz reported Tuesday. The aircraft is the first of 38 F-35As that will roll …

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Lockheed, Leonardo Unveil 1st F-35B Assembled in Italy

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

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Air Force F-35A Fighter Jet to Head to Paris Air Show

The Air Force’s F-35A fighter jet will fly at the Paris Air Show in June, although earlier statements from the F-35 Joint Program Office said that the Lockheed Martin fighter jet would not be at the event, The Hill reports. “The F-35A strengthens partnerships and improves regional stability,” Air Force Chief of Staff …

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Lockheed Gets $373M Contract Modification to Build F-35 Variants for Non-DoD Participants

Lockheed Martin (NYSE: LMT) has received a $372.9 million contract modification from the U.S. Navy to produce F-35A and F-35B variants and conduct deficiency correction efforts for non-Defense Department participants. DoD said Monday the modification falls under a previously awarded advance acquisition contract for low-rate initial production of lot 10 F-35s. The company received a $1.28 billion …

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