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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

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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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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