Lockheed Martin is expecting to sell more of its F-35 fighter jets in Europe- specifically to Germany, Finland and Switzerland amidst an expected price drop to around $80 million a piece.
The F-35 Jet is already in service with the United Kingdom and has been selected by the Netherlands, Belgium and Turkey making it the dominant future fighter jet in the continent amidst a European nations’ plan – specifically the UK, France and Germany to develop their own fifth generation jets.
The price of one F-35A standard take-off and landing variant now stands at $89.2 million while that of a F-35B short takeoff/vertical landing variant is the most expensive of all costing $115.5 million each, and an F-35C carrier variant is valued at $107.7 million per fighter.
Price per aircraft will fall with the increase in production due to efficiency in production process and lower the cost levied on raw materials and components.
The company intends to negotiate upcoming multiyear contract with the Joint Program Office (JPO). Increasing production activity for a prolonged period in a multiyear contract with steady cashflow will decrease the price per aircraft to less than $80 million.
Increasing the production rate would require coordination with the JPO, the supply chain and international customers, but Hewson said the company could handle increased demand. “Our target is to continue to drive the unit cost down in the program as it continues to mature and grows," Marillyn Hewson, Lockheed Martin's CEO said.
The company delivered 91 jets last year and is planning to increase that number to 131 this year.
Lockheed Martin is expecting to increase the rate of deliveries to 161 aircraft annually, within two years. "We could certainly go to a higher rate if the demand were such that we needed to do that,” Hewson said.
According to the company, the US and 12 other countries are either part of the program of record or are committed to purchasing F-35 fighters. Germany, Switzerland and Finland are considering purchasing the F-35.
Lockheed Martin has unveiled the first operational F-35A Lightning II combat aircraft built for Netherlands in Texas. The fifth generation fighter will be delivered to the Dutch country later this year, Lt
Lockheed Martin Aeronautics is being awarded a $22,712,874,822 contract modification to a previously awarded advanced acquisition contract for 255 F-35 jets, a US DoD announcement said. This modification provides for the production and delivery of 106 F-35 aircraft for the U
Dassault Aviation has said it participated in Frances global strategic partnership offer to the Belgian Government with the Rafale fighter and an economic and societal package in high-tech sectors worth €20 billion over 20 years. This unique partnership by France to Belgium, outside the call for tenders, has not been examined (while making the selection in favor of the US-made F-35), a Dassault release said Friday
Turkey will receive two more F-35 fighter jets in March 2019 and the deliveries are as per the schedule, Vice Admiral Mat Winter, the military head of F-35 program said Monday. There is no indication of a change in the delvery of Turkeys 100 jets, Winter, the executive officer for the F-35 program was quoted as saying by Hurriyet Daily Tuesday
A £500 million (US $641 million) contract has been awarded to an aircraft repair hub in North Wales to repair F-35 fighter plane components. The UKs role as a leading partner on the global F-35 programme has received another boost, after the F-35 avionic and aircraft component repair hub in North Wales was awarded a second major deal worth £500m by the US Department of Defense, the UK MoD said in a statement Tuesday
Germany has dropped Lockheed Martin's F-35 fighter jet out of the tender and will choose between Boeing F/A-18 and Eurofighter to replace its Tornado warplanes. The final decision will be taken once the ministry receives detailed information regarding the aircraft from its manufacturers
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