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Air Force

F-35 PEO: Unit Cost Could Drop Below $80 Million by 2020

By Vivienne Machi

Tuesday, October 2nd, 2018

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F-35 PEO: Unit Cost Could Drop Below $80 Million by 2020

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

Lockheed Martin [LMT] and the F-35 Joint Program Office (JPO) remain on track to reach a unit price of $80 million — or less — by lot 14, the program executive officer said Oct. 1.Coming on the heels of an announcement that the Joint Strike Fighter’s manufacturer and the Pentagon had reached a contract agreement for lot 11 of the aircraft, which included less than $90 million per F-35A, the lowest unit cost yet, Adm. Mat Winter told reporters that…

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