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.