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Three-Year Sustainment Contract for F-35 to Include Incentives to Improve Full Mission Capable Rates

Frank Wolfe Frank Wolfe
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Three-Year Sustainment Contract for F-35 to Include Incentives to Improve Full Mission Capable Rates
A 419th Fighter Wing F-35 deployed to HIll AFB, Utah (U.S. Air Force Photo)

The F-35 program has a "handshake agreement" with Lockheed Martin [LMT] on a three-year sustainment contract for the company's F-35 Lightning II fighter--a contract that will come with incentives for the defense contractor to improve full mission capable (FMC) rates for the aircraft, the head of the F-35 Joint Program Office told the House Armed Services Committee (HASC) on July 13. The Government Accountability Office has said that the F-35 has an FMC rate of 54 percent–18 percent below the…

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