Industry

Lockheed Martin Accomplishes Target of 131 Jets in 2019

Lockheed Martin Accomplishes Target of 131 Jets in 2019

Lockheed Martin stated Monday it had reached its 2019 goal to deliver 131 F-35 combat planes to the U.S.A and its allies, as the protection contractor built 47% additional jets this year.

The world’s largest defense contractor delivered a complete of 134 of the stealthy jets this year and objectives to deliver 141 F-35s in 2020.

A common variation of the jet, the F-35A, now costs $77.9 million, beating its purpose of lowering the price to below $80 million a year sooner than expected.

The F-35 program, which makes up around 25% of Lockheed’s annual revenue, has long geared toward expanding the line to over 3,000 jets and bringing the unit price of the F-35A below $80 million via efficiencies obtained by bulk orders.

Earlier this year, Pentagon introduced pricing details for its settlement with Lockheed that lowers the cost of the F-35 jets it plans to buy by 2022 by 12.7%, which can encourage other countries to purchase the warplane.

In 2019, international deliveries soared 43% to 30 aircraft for international associate nations.

More U.S. partners have been eyeing a purchase of the stealthy jet along with Finland, Switzerland, and the United Arab Emirates (UAE).

The F-35 comes in three configurations: the A-model for the U.S. Air Force and U.S. allies, an F-35 B-model which may handle short takeoffs and vertical landings and carrier-variant F-35C aircraft for the U.S. Navy.