{"id":2229,"date":"2013-09-30T09:52:34","date_gmt":"2013-09-30T15:52:34","guid":{"rendered":"http:\/\/peaceeconomyproject.org\/wordpress\/?p=2229"},"modified":"2013-09-30T09:52:34","modified_gmt":"2013-09-30T15:52:34","slug":"lockheed-reaches-final-agreement-on-f-35-lots","status":"publish","type":"post","link":"https:\/\/peaceeconomyproject.org\/wordpress\/lockheed-reaches-final-agreement-on-f-35-lots\/","title":{"rendered":"Lockheed Reaches Final Agreement on F-35 Lots"},"content":{"rendered":"

by Aaron Mehta, Defense News
\nclick here for original article<\/a><\/p>\n

Lockheed Martin has reached final agreement on the sixth and seventh batch of F-35 Joint Strike Fighters, for the first time dropping the cost of an F-35A conventional variant below $100 million.<\/p>\n

In addition to that milestone, the two lots mark the first deliveries for international partners Italy, Australia and Norway. The company will begin deliveries of low-rate, initial-production 6 planes in the second quarter of 2014, with LRIP-7 jets arriving a year later.<\/p>\n

While the company negotiated the two lots at the same time, there are different prices for each jet:<\/p>\n

\u25a0The F-35A conventional takeoff and landing (CTOL) model cost $103 million per jet in LRIP-6 and $98 million per jet in LRIP 7.<\/p>\n

\u25a0The F-35B jump-jet variant cost $109 million per jet in LRIP-6 and $104 million per jet in LRIP-7.<\/p>\n

\u25a0The F-35C carrier variant cost $120 million per jet in LRIP-6 and $116 million per jet in LRIP-7.<\/p>\n

Lockheed netted $4.4 billion for the production of Lot 6 and $3.4 billion for the production of Lot 7. The two lots combined total 47 F-35A models, 13 F-35B models and 11 F-35C variants.<\/p>\n

\u201cLockheed Martin is extremely pleased with the LRIP 6 and 7 contract signing, which represents a significant milestone for the F-35 Program and its path to enhanced affordability,\u201d Loraine Martin, Lockheed vice president and general manager of the F-35 program, wrote in a statement. \u201cWith each successive production lot, unit costs have declined. That\u2019s a trend we look forward to continuing as this program moves toward full rate production and operational maturity.\u201d<\/p>\n

An unattributed government statement forwarded by Lockheed noted that these two contracts include increased protection for taxpayers in the case of cost overruns. \u201cIn the LRIP 6 and 7 buy, Lockheed Martin will cover all cost overruns,\u201d the statement reads. \u201cThe government and Lockheed Martin will share returns (20\/80) derived from any under runs in target cost.\u201d<\/p>\n

September has turned into a banner month for the program. In addition to the contracts, the Netherlands\u00a0made a long-awaited decision<\/a>\u00a0to commit to the F-35. Days later, South Korea rebuffed Boeing\u2019s F-15 Silent Eagle for its F-X fighter replacement competition, leaving the Joint Strike Fighter as the likely victor.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Aaron Mehta, Defense News click here for original article Lockheed Martin has reached final agreement on the sixth and seventh batch of F-35 Joint Strike Fighters, for the first time dropping the cost of an F-35A conventional variant below $100 million. In addition to that milestone, the two lots mark the first deliveries for […]<\/p>\n","protected":false},"author":1,"featured_media":2230,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[171],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-f-35"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t