DOD and Lockheed Martin Announced F-35 Purchase Agreement, Stress Affordability

By Juliet Van Wagenen | October 28, 2014
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F-35 Lighting II
F-35 Lighting II aircraft. Photo: Wikipedia

[Avionics Today 10-28-2014] The U.S. Department of Defense (DOD) and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II aircraft. Officials anticipate the Low-Rate Initial Production lot 8 (LRIP 8) contract to be finalized in the coming weeks.

The contract is for fiscal year 2014 with deliveries beginning in 2016. According to a statement released by Lockheed Martin, the average unit price for all three variants of the airframe is roughly 3.6 percent lower than the previous LRIP contract.

The LRIP 8 contract procures 29 U.S. aircraft including 19 F-35As, six F-35Bs and four F-35Cs. It also provides for the production of the first two F-35As for Israel, the first four F-35As for Japan, along with two F-35As for Norway and two F-35As for Italy. The United Kingdom will receive four F-35Bs. The contract also funds manufacturing-support equipment as well as ancillary mission equipment.

"Affordability is a key performance parameter in today's challenging acquisition environment," said Lockheed Martin F-35 Program General Manager Lorraine Martin. "Working together with our suppliers, we are making steady progress in reducing F-35 costs. While there will always be room for improvement, the results of the LRIP 8 negotiations and initiatives like the Blueprint for Affordability are indicative of our shared commitment to ensuring affordability."

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