The F-35 Joint Program Office (JPO) and the Lockheed Martin (NYSE: LMT) industry team have agreed on an F-35 production rebaseline that ensures predictability and stability in the production process while recovering the aircraft shortfall realized over the last year during the COVID-19 pandemic.
With this agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.
More than 700 F-35s have been delivered and are operating from 21 bases around the globe. More than 1,460 pilots and 11,025 maintainers have been trained and the F-35 fleet has surpassed 430,000 cumulative flight hours.
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