Lockheed Martin hits 2019 F-35 delivery target of 131 jets

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFBT0XQ_L.jpg
© Reuters. Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo© Reuters. Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo

(Reuters) – Lockheed Martin Corp (N:) said on Monday it has reached its 2019 target to deliver 131 F-35 fighter jets to the United States and its allies, as the defense contractor built 47% more jets this year.

The world’s largest defense contractor said that in 2020 it aims to deliver 141 F-35s.

The cost of the most common variation of the jet, the F-35A, is now $77.9 million, meeting the defense contractor’s $80 million goal a year earlier than planned, Lockheed said in a statement.

The F-35 program, which currently makes up about 25% of Lockheed’s annual revenue, has long aimed at expanding the fleet to more than 3,000 jets and bringing the unit price of the F-35A below $80 million through efficiencies gained by bulk orders.

Earlier this year, Pentagon announced pricing details for its agreement with Lockheed that lowers the cost of the F-35 jets it plans to purchase through 2022 by 12.7%, which may encourage other nations to buy the warplane.

In 2019, international deliveries jumped 43% to 30 jets for international partner nations.

More U.S. allies have been eyeing a purchase of the stealthy jet including Finland, Switzerland and the United Arab Emirates.

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.