F-35 Price to Drop below $100 Million in Next Contract
Known as Low-Rate Initial Production Lot 10 (LRIP-10), the contract is for 90 stealth fighter aircraft, six of them are designated for Israel. In total, the new contract represents a $728 million reduction when compared to Lot 9
IsraelDefense
| 05/02/2017
http://www.iaf.org.il/2381-he/IAF.aspx
The US Department of Defense and Lockheed Martin reached an agreement in principle on the lowest priced F-35 Lightning II aircraft to date marking the first time the price for an F-35A is below $100M. Known as Low-Rate Initial Production Lot 10 (LRIP-10), the contract is for 90 stealth fighter aircraft and represents more than a 60 percent price reduction for the F-35A variant since the first LRIP-1 contract. The F-35B and F-35C variants price were also substantially reduced. In total, the Lot 10 contract represents a $728 million reduction when compared to Lot 9.
"The LRIP-10 contract is a good and fair deal for the taxpayers, the US Government, allies, and Industry," said Lt. Gen. Chris Bogdan, F-35 Program Executive Officer. “We continue to work with Industry to drive costs out of the program.”
The F-35A variant comprises approximately 85 percent of the program of record. The F-35A unit price in LRIP-10, including aircraft, engine, and fee, is roughly seven percent lower than the previous LRIP-9 contract. Over the past two procurement lots (LRIP-9 and 10), the price of the F-35A has dropped 12 percent.
In addition to procuring the air vehicles, this contract funds manufacturing-support equipment and ancillary mission equipment. Deliveries of 90 aircraft begin in early 2018. To date, more than 200 operational F-35s are operated by eight different nations including Australia, Italy, Israel, Japan, Netherlands, Norway, United Kingdom, and United States. In total, the F-35 program today plans to produce more than 3,000 aircraft with approximately 600 of those aircraft presently planned to be procured by US allies.
The LRIP 10 contract includes 55 jets for the US Services and 35 jets for international partners and foreign military sales customers. Six F-35As will be sold Israel.
Known as Low-Rate Initial Production Lot 10 (LRIP-10), the contract is for 90 stealth fighter aircraft, six of them are designated for Israel. In total, the new contract represents a $728 million reduction when compared to Lot 9
http://www.iaf.org.il/2381-he/IAF.aspx
The US Department of Defense and Lockheed Martin reached an agreement in principle on the lowest priced F-35 Lightning II aircraft to date marking the first time the price for an F-35A is below $100M. Known as Low-Rate Initial Production Lot 10 (LRIP-10), the contract is for 90 stealth fighter aircraft and represents more than a 60 percent price reduction for the F-35A variant since the first LRIP-1 contract. The F-35B and F-35C variants price were also substantially reduced. In total, the Lot 10 contract represents a $728 million reduction when compared to Lot 9.
"The LRIP-10 contract is a good and fair deal for the taxpayers, the US Government, allies, and Industry," said Lt. Gen. Chris Bogdan, F-35 Program Executive Officer. “We continue to work with Industry to drive costs out of the program.”
The F-35A variant comprises approximately 85 percent of the program of record. The F-35A unit price in LRIP-10, including aircraft, engine, and fee, is roughly seven percent lower than the previous LRIP-9 contract. Over the past two procurement lots (LRIP-9 and 10), the price of the F-35A has dropped 12 percent.
In addition to procuring the air vehicles, this contract funds manufacturing-support equipment and ancillary mission equipment. Deliveries of 90 aircraft begin in early 2018. To date, more than 200 operational F-35s are operated by eight different nations including Australia, Italy, Israel, Japan, Netherlands, Norway, United Kingdom, and United States. In total, the F-35 program today plans to produce more than 3,000 aircraft with approximately 600 of those aircraft presently planned to be procured by US allies.
The LRIP 10 contract includes 55 jets for the US Services and 35 jets for international partners and foreign military sales customers. Six F-35As will be sold Israel.
