Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

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

Australia to save 25% on JSF under new Trump deal

joint strike fighter

Minister for Defence Industry Christoper Pyne has confirmed a 25 per cent reduction in price of the Joint Strike Fighters (JSF) from 2014.

In address to Parliament, Minister Pyne confirmed he had spoken with the newly appointed US Secretary of Defense James Mattis about the cost reduction of the JSF program.

Advertisement
Advertisement

The new price agreement marks the first time that the unit price of these jets, which are being manufactured by prime contractor Lockheed Martin, is below US$100 million.

The previous order, which included 55 jets for the US and 35 for partners and Foreign Military Sale customers, was US$102 million per jet. The price now stands at around US$95 million per jet, a total reduction of US$7 million per jet.

"We [James Mattis and Christopher Pyne] talked about the fact that the price for lot 10 of the Joint Strike Fighter has been recently announced and has dropped below US$100 million for the first time," Minster Pyne said.

"For Australia this is hugely significant and represents a 25 per cent reduction from the price of the fighter in 2014, showing the program is on track in terms of delivery and efficiency."

SPONSORED CONTENT

 

The new agreement comes after US President Trump tweeted about the project on 12 December 2016, saying the spending was "out of control".

Lockheed said, "President Trump's personal involvement in the F-35 program accelerated the negotiations and sharpened our focus on driving down the price."

Australia to save 25% on JSF under new Trump deal
Joint-Strike-Fighter.jpg
lawyersweekly logo

more from defence connect

Dec 6 2019
Centre Alliance aims to significantly improve mental health services for veterans
Following the passage of the Military Rehabilitation and Compensation Amendment (Single Treatment P...
Dec 7 2019
Lockheed Martin signs Future Frigate deal with Spain
Lockheed Martin has signed a contract with Navantia to equip five new F-110 multimission frigates a...
Dec 6 2019
Photo Essay: Exercise Mallee Bull 19
Exercise Mallee Bull 2019, a training exercise featuring soldiers from the Australian Army’s 7th B...
FROM THE WEB
Recommended by Spike Native Network