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Pentagon And LM Agree To F-35 Production Rebaseline

  • Updated schedule ensures production predictability and stability

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.

Global Military Fixed-Wing Aircraft - Market and Technology Forecast to 2027

Global Military Fixed-Wing Aircraft - Market and Technology Forecast to 2027

Market forecasts by Region, Platform, and Propulsion type. Country analysis, Current Market Overview, Opportunity analysis, and Leading Company profiles

Published: June 2019 - Pages: 247 pages

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Source: Lockheed Martin Corporation
Date: Sep 27, 2021


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