F-35 Update
Steve Over February 2015
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 2
Summary
F-35 Is Here!
• 9 Operating Bases, 130 Airplanes Flying, Surpassed 29,000 Flying Hours
• More Than 160 Pilots and 1,700 Maintainers Trained
• 88 Jets Under Construction at Fort Worth Plant
• 65% of Test Program Complete, On Track To Finish in 2017
• Price of an F-35A Reduced 57% Since 2010
• Total of 9 Countries Are Flying or Having Jets Built
• Korea Joined Israel and Japan as 3rd FMS Country September 2014
• First Italian FACO F-35 Rollout Set for 2015
• Nearly 50% of Jets Delivered in Next 5 Years Are International
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 3
F-35 Bed Down Through 2018
F-35 Global Deployment
United Kingdom (9)
RAF Marham
Australia (2)
Williamtown
Norway (9)
Orland FMS (32)
Total: 356 F-35A F-35B F-35C
Italy (7)
Amendola Grottaglie
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 4
F-35 Bed Down Through 2020
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 5
2014 Milestones
• First Delivery to Luke
• Start of 3i Flight Testing
• First Jet Arrival to Beaufort for the Marine Corps
• Delivery of First Australian Jet
• Start 3F Testing
• Complete First Carrier Ship Trials
• Complete 2B Flight Test for USMC IOC
• Continue Driving Costs Out of the Program Delivering on Major Customer Milestones
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 6
2015 Major F-35 Events
• First F-35 Rollout at Italian FACO
• Sea Trial – USMC F-35B OT-1
• Start of Pilot Training at Luke
• Marine Corps IOC
• Denmark Future Fighter Selection
• Sea Trial - USN F-35C DT-2
• Delivery of First F-35A to Norway
• Delivery of First F-35A to Hill AFB
• Signing LRIP 9-10 for Approximately 150 Aircraft
• Meeting Production Deliveries for 2015
• F-35 Theme at Armed Forces Bowl
• Sustainment Announcements for Support Systems
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 6
DISTRIBUTION STATEMENT A: Approved for public release; distribution is unlimited. Approved for public release 02-11-15 JSF15-252.
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Corp Media 021815 - 7
F-35A Price (TY$)
57% Reduction in Cost From LRIP 1-8
As of 1 Feb 2014
Buy Year $0
$50
$100
$150
$200
$250
0
50
100
150
200
250
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
LRIP 1 LRIP 2 LRIP 3 LRIP 4 LRIP 5 LRIP 6 LRIP 7 LRIP 8 LRIP 9 LRIP 10 LRIP 11 FR1-1 FR1-2 FR1-3 FR1-4
Lot A
vera
ge A
ircra
ft Pr
ice
TY$M
Airc
raft
Qua
ntity
USAF USDoN International SAR 2013 F-35A With Engine TY$
F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
© 2015 Lockheed Martin Corporation Use or disclosure of the information contained herein is subject to the restrictions of the Cover Page Cook 031015 - 8
Blueprint for Affordability
• Saves Approximately $1.8 Billion by 2019
• Reduces the Cost of an F-35 Jet, by Approximately $10 Million by 2019
• F-35A Will Cost Less Than $80 Million per Jet in Then-Year Dollars by 2019
• Cost Savings Begin Now and Continue Throughout 25-Year Production Profile
Leveraging Ideas From Across the Global Supply Chain
Indu
stry
Indu
stry
Gov
ernm
ent
Gov
ernm
ent
Gov
ernm
ent
U.S
. Gov
ernm
ent
Indu
stry
Indu
stry
U.S
. Gov
ernm
ent
U.S
. Gov
ernm
ent
Potential USG Investment
$85M
$100M $100M $100M
$85M
LM, NGC and BAES Investment