Pentagon And Lockheed Martin Agree To F-35 Production Rebaseline

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Together with the F-35 Joint Program Office, we recognize the critical role the F-35 plays in supporting our customers’ global missions and the need to deliver this capability affordably. These contracts represent more than a 30% reduction in cost per flying hour from the 2020 annualized contract and exemplify the trusted partnership and commitment we share to reduce sustainment costs and increase availability for this unrivaled 5th generation weapon system. – Bridget Lauderdale, Lockheed Martin vice president, and general manager of the F-35 program. Photo: Lockheed Martin. For hi-resolution click on image or click here.

The F-35 Joint Program Office (JPO) and the Lockheed Martin (NYSE: LMT) industry team have agreed on an F-35 production rebaseline that ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last year during the COVID-19 pandemic.

With this agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.

More than 700 F-35s have been delivered and are operating from 21 bases around the globe. More than 1,460 pilots and 11,025 maintainers have been trained and the F-35 fleet has surpassed 430,000 cumulative flight hours. – Lockheed Martin

Lockheed Martin F-35 Integrated Capabilities

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