:

Air Force

Incentive Payments in New F-35 Sustainment Contract Contingent on LMT Meeting Goals

Frank Wolfe

Friday, September 17th, 2021

SHARE:

Incentive Payments in New F-35 Sustainment Contract Contingent on LMT Meeting Goals

A 33rd Fighter Wing F-35A Lightning II flies alongside a 6th Air Refueling Wing KC-135 stratotanker from MacDill AFB, Fla. after refueling at Eglin AFB, Fla. on June 7 (U.S. Air Force Photo)

Incentive payments for Lockheed Martin [LMT] in the new, possibly $6.6 billion, three-year sustainment contract to the company for its F-35 fighter are contingent upon the meeting of cost per flight hour (CPFH), parts availability, and aircraft full mission capable (FMC) rate goals for fiscal 2021, 2022, and 2023. The F-35 Joint Program Office (JPO) and Lockheed Martin have declined to release the cost per flight hour, parts availability, and FMC targets that Lockheed Martin is to meet for fiscal…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]