Lockheed receives $6B downpayment on 255 F-35’s
Recently we shared how the Trump Administration has not only pumped up the Department of Defense Budget to $717 billion for 2018, but also encouraged the export of U.S. weaponry to foreign militaries as a means for driving down costs while also promoting domestic manufacturing. This is a clear thematic data point for Tematica’s Safety & Security investment theme and the increasingly defensive posture countries around the world are maintaining.
On the investment front, these developments have been a huge boost for Lockheed Martin’s (LMT) F-35 program. Net sales for the F-35 program represented approximately 27% of Lockheed’s total consolidated 2018 third – net sales. Today, Defense News breaks down the impact of the $6 billion down payment for over 250 new F-35 jets:
The contacting action will help fund a total of 255 jets, including:
- 64 F-35As for the U.S. Air Force in LRIP 12
- 26 F-35Bs for the U.S. Marine Corps in LRIP 12
- 16 F-35Cs for the U.S. Navy in LRIP 12
- 89 F-35As and F-35Bs for international partner nations in LRIP 12, 13 and 14
- 60 F-35As for Foreign Military sales customers in LRIP 12, 13, 14
- Long lead parts for lot 14
Source: Lockheed gets $6B downpayment to start F-35 block buy
