All
Suppliers
Products
CAD Models
Diverse Suppliers
Insights
By Category, Company or Brand
All Regions
Alabama
Alaska
Alberta
Arizona
Arkansas
British Columbia
California - Northern
California - Southern
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Manitoba
Maryland
Massachusetts - Eastern
Massachusetts - Western
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Brunswick
New Hampshire
New Jersey - Northern
New Jersey - Southern
New Mexico
New York - Metro
New York - Upstate
Newfoundland & Labrador
North Carolina
North Dakota
Northwest Territories
Nova Scotia
Nunavut
Ohio - Northern
Ohio - Southern
Oklahoma
Ontario
Oregon
Pennsylvania - Eastern
Pennsylvania - Western
Prince Edward Island
Puerto Rico
Quebec
Rhode Island
Saskatchewan
South Carolina
South Dakota
Tennessee
Texas - North
Texas - South
Utah
Vermont
Virgin Islands
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Yukon

Lockheed Meets F-35 Production Target

Jeff Reinke
1/31/2019 | 5 min read
Subscribe
Lockheed Meets F-35 Production Target

Lockheed Martin recently announced the delivery of its 91st F-35 aircraft of 2018, meeting key delivery targets for the year. The 91 jet deliveries made in 2018 represent a nearly 40% increase from 2017 and an almost 100% production increase from 2016. This year, the leading aerospace and defense supplier is set to deliver more than 130 F-35 jets, representing yet another 40% increase in production.

According to the company, these year-over-year production increases have meshed with lowered costs, improved quality, and on-time deliveries. To date, more than 355 F-35 aircraft have been delivered. These jets currently operate from 16 bases around the world, with 10 nations flying the F-35.

The cost of an F-35A currently sits at $89.2 million, with the enterprise pacing to deliver an $80 million F-35A by 2020. Lockheed Martin's annual sustainment costs for each aircraft has also decreased each year from 2015 to 2018, and by about 15% since 2015.

The F-35 features stealth technology, supersonic speed, advanced sensors, and an extended range. Lockheed Martin describes the jet as the most lethal, survivable, and connected aircraft in the world, enhancing all airborne, surface, and ground-based battlefield assets.

Next Up in Industry Trends
DOE to Invest $1.5 Billion to Restore Michigan Nuclear Plant
Show More in Industry Trends