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News: Proposed Block Buy will Cut Costs for F-35

Published 19 July 2017, 10:11

Lockheed Martin test pilot Billie Flynn flew an impressive Lightning II display. This F-35A is from the 388th Fighter Wing at Hill AFB, Utah. Key-Dino Carrara

Lockheed Martin and the F-35 Joint Program Office (JPO) are working towards a block purchase of F-35s, which could reduce costs by over $2bn.

Jeff Babione, Executive Vice President and General Manager, F-35 Program at Lockheed Martin told reporters at the Paris Air Show that Low-Rate Initial Production (LRIP) Lots 1-11 included 448 aircraft. He added that Lots 12, 13 and 14 could be procured as a block buy, likely to amount to 440-460 aircraft and worth somewhere between $35-40bn. The average price of an F-35A would then drop to an estimated $85m as Lockheed Martin could order far more efficiently from its suppliers.

Filed Under: News

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