Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

F-35 project to deliver decades' worth of benefit to Aus industry

f   project to deliver decades worth of benefit to aus industry
Australia's first two Joint Strike Fighters at the 2017 Avalon Airshow

As Australia’s third F-35A Joint Strike Fighter (JSF) A35-003 makes its way along the production line, Lockheed Martin is projecting the Australian defence industry will reap the benefits over the next 30 years.

As Australia’s third F-35A Joint Strike Fighter (JSF) A35-003 makes its way along the production line, Lockheed Martin is projecting the Australian defence industry will reap the benefits over the next 30 years.

Lockheed Martin Aeronautics director of F-35 international business development Steve Over has provided an update on the F-35 program and has delivered positive news for Australian industry.

Advertisement
Advertisement

"The contracts that have been awarded to Australian contracts to date are well through to lot 10 and in the coming years, those numbers are going to grow significantly, so when you think about lot 10 as worth 2 per cent of the number of airplanes that we expect to build ... certainly good opportunities for another 30 or 40 years' worth of production," said Over.

So far, it is estimated that the contracted value of the project's Australian industry partners exceeds $800 million, with 15 companies reaping the benefits. Currently, Victoria is leading the way with a total of six companies contributing to the project – Marand, Lovitt, Cablex, AW Bell, RUAG and BAE Systems Australia, which has offices in both Victoria and SA.

Australia is also on track to benefit from its sustainment facilities, with Australia set to sustain the fleets of other nations in the Pacific area, delivering huge economic benefits.

"BAE Australia and TAE [Aerospace] have been declared by the joint program office to be airframe and engine suppliers ... for not just Australia but for the global enterprise so as other airforces and airplanes in the Pacific need servicing, you should expect those airplanes to spend some time with BAE Australia and TAE," Over explained.

Australia has ordered 72 F-35As, with potential for a fourth Australian squadron that would bring the number to 100.

PROMOTED CONTENT

The first two JSF's are expected to arrive in Australia in 2018 and enter service in 2020.

 

 

F-35 project to deliver decades' worth of benefit to Aus industry
AAS-F35.jpg
lawyersweekly logo

The inaugural Defence Connect AIC Summit will place you with key decision-makers and stakeholders within the defence industry to discuss the government’s intention to improve AIC and increase the nation’s sovereign production, defence capability and resilience. Don’t miss your chance to be part of this event, register for free today to attend the live stream on 22 October. Register your interest to attend, visit: www.defenceconnect.com.au/aic-summit

more from defence connect

Steel cut for Royal Navy frigate
Sep 27 2021
Steel cut for Royal Navy frigate
Steel has been cut for the first of five Type 31 frigates developed for the Royal Navy. ...
NSW firm tapped to build Army vehicle fleet
Sep 24 2021
NSW firm tapped to build Army vehicle fleet
A multimillion-dollar contract has been awarded to a Port Macquarie-based business for the develop of rough terrain vehicles. ...
Sep 24 2021
QUT to develop technology to identify fallen Australian soldiers
The Morrison government has granted the Queensland University of Technology with a $2.2 million contract to develop forensic techn...