F-35 Price Falls To $78 Million per Aircraft

F-35 Price Falls To $78 Million per Aircraft 30 October, 2019

The Pentagon and Lockheed Martin have finalised a $34 billion deal for the next three lots of F-35 Joint Strike Fighters, setting the price of an F-35A jet below $80 million. The agreement includes 478 F-35s for U.S. and international customers across lots 12, 13 and 14.

On average, the price per aircraft will fall about 12.8 per cent across all variants from Lot 11 to Lot 14, according to the Pentagon. The new price tag has come a year earlier than expected.

The F-35A conventional-take-off-and-landing model — which is used by the U.S. Air Force and most international users — is set to decrease from a Lot 11 price of $89.2 million to $82.4 million in Lot 12; $79.2 million in Lot 13; and $77.9 million in Lot 14. Lockheed Martin will deliver 149 F-35s in Lot 12, 160 aircraft in Lot 13 and 169 for Lot 14.

With the new price tag, F-35 becomes price-wise alternative to US most selling fighter aircraft F-16. The most recent version of Viper costs approximately more than 65 million USD. Maintenance cost is excluded from this comparison as F-35’s cost is still blurred.

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