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The price of the conventional version of the F-35 will drop by 5.4% to $ 89.2 million under an agreement announced Friday between the US Department of Defense and Lockheed Martin to purchase 141 advanced stealth fighter jets for $ 11.5 billion.
In the largest batch ordered to date the Pentagon's most expensive weapons program, the price of the F-35B take-off and landing variant used by the Marines will fall by 5.7% to 115.5 million. dollars and the price of variant F-35C. will decline 11.1% to $ 107.7 million.
Reducing the cost of the F-35 is a key objective of the Pentagon and Lockheed, which have been criticized for years after delays and cost overruns. The program is expected to cost $ 1.5 trillion over its expected 55-year life. The increase in production rates in recent years has allowed Lockheed to consistently reduce its price.
"As production increases and we implement additional savings initiatives, we are on track to reduce the cost of F-35A to $ 80 million by 2020, equal to or less than that of existing aircraft, "said Greg Ulmer, general manager of the F-35 program at Lockheed, in a statement.
By upgrading the F-35 systems, which took off in 2006, Lockheed is taking the opportunity to reduce costs. On Thursday, the company announced it would switch to a cheaper and more advanced processor for the jet's basic electronic systems that will be manufactured by Harris Corp., which won a contest to replace a processor produced by Lockheed. Lockheed said the Harris processor would cost 75 percent less, with 25 times the processing power. He will begin to enter the aircraft in 2023.
In June, Lockheed chose Raytheon to provide a next generation distributed aperture system, which uses infrared cameras to give pilots a 360-degree picture of their aircraft's environment inside their helmets. Lockheed said it would save $ 3 billion over the current system, manufactured by Northrop Grumman.
The order announced Friday includes 91 F-35 for the US Army, 28 for the partner countries of the development of the aircraft and 22 for other international customers. Deliveries will begin in 2019.
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The price of the conventional version of the F-35 will drop by 5.4% to $ 89.2 million under an agreement announced Friday between the US Department of Defense and Lockheed Martin to purchase 141 advanced stealth fighter jets for $ 11.5 billion.
In the largest batch ordered to date the Pentagon's most expensive weapons program, the price of the F-35B take-off and landing variant used by the Marines will fall by 5.7% to 115.5 million. dollars and the price of variant F-35C. will decline 11.1% to $ 107.7 million.
Reducing the cost of the F-35 is a key objective of the Pentagon and Lockheed, which have been criticized for years after delays and cost overruns. The program is expected to cost $ 1.5 trillion over its expected 55-year life. The increase in production rates in recent years has allowed Lockheed to consistently reduce its price.
"As production increases and we implement additional savings initiatives, we are on track to reduce the cost of F-35A to $ 80 million by 2020, equal to or less than that of existing aircraft, "said Greg Ulmer, general manager of the F-35 program at Lockheed, in a statement.
By upgrading the F-35 systems, which took off in 2006, Lockheed is taking the opportunity to reduce costs. On Thursday, the company announced it would switch to a cheaper and more advanced processor for the jet's basic electronic systems that will be manufactured by Harris Corp., which won a contest to replace a processor produced by Lockheed. Lockheed said the Harris processor would cost 75 percent less, with 25 times the processing power. He will begin to enter the aircraft in 2023.
In June, Lockheed chose Raytheon to provide a next generation distributed aperture system, which uses infrared cameras to give pilots a 360-degree picture of their aircraft's environment inside their helmets. Lockheed said it would save $ 3 billion over the current system, manufactured by Northrop Grumman.
The order announced Friday includes 91 F-35 for the US Army, 28 for the partner countries of the development of the aircraft and 22 for other international customers. Deliveries will begin in 2019.