Please Wait, Processing...

Please do not close or navigate away from this window while it is processing

Like most websites Aviation News uses cookies. We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Aviation News website. However, if you would like to, you can change your cookie settings at any time. Find out more


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

Mitchells Gather for Doolittle Anniversary