Powered by MOMENTUM MEDIA

Website Notifications

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

Lockheed Martin secures new F-35 sustainment contracts

The Pentagon has awarded annualised sustainment contracts to the global defence prime’s industry team.

The Pentagon has awarded annualised sustainment contracts to the global defence prime’s industry team.

Sustainment contracts covering fiscal years 2021-2023 have been awarded by the F-35 Joint Program Office, which will see Lockheed Martin support the global fleet’s mission readiness over the next few years.

Advertisement
Advertisement

The annual contracts, tipped to reduce overall costs, are expected to support sustainment activities for in-service aircraft while also building enterprise capacity to support the future fleet of more than 3,000 F-35 fighter jets.

Activities include base and depot maintenance, pilot and maintainer training, and sustaining engineering for the global network.

The contracts also cover fleet-wide data analytics and supply chain management for part repair and replenishment in a bid to enhance overall supply availability for the fleet.

"Together with the F-35 Joint Program Office, we recognise the critical role the F-35 plays in supporting our customers’ global missions and the need to deliver this capability affordably,” Bridget Lauderdale, Lockheed Martin vice president and general manager of the F-35 program said.

“These contracts represent more than a 30 per cent reduction in cost per flying hour from the 2020 annualised contract, and exemplify the trusted partnership and commitment we share to reduce sustainment costs and increase availability for this unrivaled fifth-generation weapon system.”

PROMOTED CONTENT

According to Lockheed Martin, costs per flight hour have reduced by 44 per cent in the past five years, with a forecasted reduction of an additional 40 per cent expected in the next five years.

The cost savings in the FY21-23 are hoped to be achieved through improved cost and velocity in Lockheed Martin’s supply chain, reliability improvements, and greater manpower efficiencies to provide product support solutions across the network.

The contracts are tipped to support the longer-term, performance-based logistics (PBL) agreement for the F-35 program — an industry best practice, facilitating agile sustainment solutions for the fleet and incentivising further affordability and performance results.

According to program data, the global F-35 fleet is averaging around 70 per cent mission capable rates. 

Since the program commenced, over 690 aircraft have been delivered and are operating from 21 bases around the world, with more than 1,460 pilots and 11,025 maintainers trained and 430,000 cumulative flight hours surpassed.

The Commonwealth government has ordered 72 F-35A aircraft under the Joint Strike Fighter program

All 72 aircraft are expected to be fully operational by 2023, with an option to expand the fleet to a maximum of 100 aircraft.  

Australia received three new F-35s in March, taking its current fleet to 33.

[Related: F-35, Wedgetail pilots complete training]

Charbel Kadib

Charbel Kadib

News Editor – Defence and Security, Momentum Media

Prior to joining the defence and aerospace team in 2020, Charbel was news editor of The Adviser and Mortgage Business, where he covered developments in the banking and financial services sector for three years. Charbel has a keen interest in geopolitics and international relations, graduating from the University of Notre Dame with a double major in politics and journalism. Charbel has also completed internships with The Australian Department of Communications and the Arts and public relations agency Fifty Acres.

Lockheed Martin secures new F-35 sustainment contracts
7.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

11:46
Exploiting the post-Afghanistan chaos
Following their tumultuous withdrawal from Afghanistan, the US signalled its broad swathe of political and military vulnerabiliti...
01:05
SMEs secure contracts to plug defence capability gaps
The Commonwealth government has issued funding to local firms across the country, in a bid to accelerate the development of next...
Veteran owned start-up partners with Disaster Relief Australia
Sep 28 2021
Veteran owned start-up partners with Disaster Relief Australia
Corporate responsibility is taking on new meaning after BenchOn partnered with Disaster Relief Australia (DRA) to launch a world...