Lockheed Martin Meets 2017 F-35 Delivery Target
FORT WORTH, Texas — Lockheed Martin delivered the 66th F-35 aircraft for the year Dec. 15, meeting the joint government and industry delivery target for 2017, the company said in a release.
To date, more than 265 F-35 aircraft have been delivered to U.S. and international customers. More than 530 pilots and nearly 5,000 maintainers have been trained, and the F-35 fleet has surpassed more than 115,000 cumulative flight hours.
“Meeting our 2017 delivery commitment is a testament to the hard work and dedication of our joint government and industry team to deliver the transformational F-35 air system to the warfighter,” said Jeff Babione, Lockheed Martin executive vice president and F-35 program general manager. “The team continues to overcome program challenges and achieving this milestone gives our customers confidence that the F-35 enterprise can deliver on the increasing production quantities year-over-year.”
Sixty-six F-35 deliveries in 2017 represents more than a 40 percent increase from 2016, and the F-35 enterprise is prepared to increase production volume year-over-year to hit full rate of approximately 160 aircraft in 2023.
As production ramps and additional improvements are implemented, Lockheed Martin’s goal is to reduce the cost of an F-35A to $80 million by 2020. With the incorporation of lessons learned, process efficiencies, production automation, facility and tooling upgrades, supply chain initiatives and more — the F-35 enterprise has already significantly reduced costs and improved efficiency. For example:
■ The price of an F-35A has come down more than 60 percent from the first contract.
■ Touch labor has been reduced by about 75 percent over the last five years.
■ Production span time has decreased by about 20 percent since 2015.
To prepare for an increase in production, Lockheed Martin has hired more than 1,300 employees at its Fort Worth facility since January, and expects to hire a total of 1,800, as previously announced. With about 1,400 domestic suppliers in 46 states and Puerto Rico, the program supports more than 170,000 direct and indirect U.S. jobs and delivers $24 billion of economic impact annually. The program also includes more than 100 international suppliers, creating or sustaining thousands of international jobs.