FORT WORTH, Texas, Sept. 27, 2021 /PRNewswire/ -- The F-35
Joint Program Office (JPO) and the Lockheed Martin (NYSE: LMT)
industry team have agreed on an F-35 production rebaseline
that ensures predictability and stability in the production process
while recovering the aircraft shortfall realized over the last year
during the COVID-19 pandemic.
With this agreement, Lockheed Martin is scheduled to deliver
133-139 aircraft this year, 151-153 aircraft in 2022 and
anticipates delivering 156 aircraft beginning in 2023 and for the
foreseeable future.
More than 700 F-35s have been delivered and are operating from
21 bases around the globe. More than 1,460 pilots and 11,025
maintainers have been trained and the F-35 fleet has surpassed
430,000 cumulative flight hours.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin Corporation is a global security
and aerospace company that employs approximately 114,000 people
worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services.
Please follow @LMNews on Twitter for the latest
announcements and news across the corporation. For additional
information on F-35 program please visit www.f35.com.
Forward-Looking Statements
This news release contains
statements that, to the extent they are not recitations of
historical fact, constitute forward-looking statements within the
meaning of the federal securities laws, and are based on Lockheed
Martin's current expectations and assumptions, including statements
about future production rates. Actual results may differ
materially due to factors such as: the impact of COVID-19 on the
company's business, including potential supply chain disruptions,
facility closures, work stoppages, program delays, payment policies
and regulations and the company's ability to recover its costs
under contracts; budget uncertainty, the risk of future budget
cuts, the debt ceiling and the potential for government shutdowns
and changing funding and acquisition priorities; risks related to
the development, production, sustainment, performance, schedule,
cost and requirements of the F-35 program; planned production rates
and orders; compliance with stringent performance and reliability
standards; materials availability; performance and financial
viability of key suppliers, teammates, joint ventures and partners,
subcontractors and customers; trade policies or sanctions; and
changes in foreign national priorities and foreign government
budgets and planned orders. For a discussion identifying additional
important factors that could cause actual results to vary
materially from those anticipated in the forward-looking
statements, see the Corporation's filings with the SEC including
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Risk Factors" in the Corporation's
Annual Report on Form 10-K for the year ended December 31, 2020 and quarterly reports on Form
10-Q. The Corporation's filings may be accessed through the
Investor Relations page of its website,
www.lockheedmartin.com/investor, or through the website maintained
by the SEC at www.sec.gov. Except where required by applicable law,
the Corporation expressly disclaims a duty to provide updates to
forward-looking statements after the date of this news release to
reflect subsequent events, changed circumstances, changes in
expectations, or the estimates and assumptions associated with
them. The forward-looking statements in this news release are
intended to be subject to the safe harbor protection provided by
the federal securities law.
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SOURCE Lockheed Martin