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Report: Lockheed Works to Help DoD Meet F-35 Flying Cost Reduction Goal

Report: Lockheed Works to Help DoD Meet F-35 Flying Cost Reduction Goal - top government contractors - best government contracting event

Report: Lockheed Works to Help DoD Meet F-35 Flying Cost Reduction Goal - top government contractors - best government contracting event

Mike Friedman, a Lockheed Martin spokesperson, said the company is taking action to help the Department of Defense meet the F-35 program's cost-per-flying-hour target of $25K in six years, Inside Defense reported Friday.

Friedman was quoted as saying the Bethesda, Md.-based contractor accounts for less than 50 percent of overall F-35 operation and sustainment costs.

"We are partnering with our customers to further reduce costs across the enterprise to meet these joint goals," he added.

The F-35 Joint Program Office aims to reduce CPFH for the fighter's conventional takeoff and landing variant by 23 percent to $34K by 2024.

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