Fighter program. As i have consistently said, the f 35 Program Remains one of my top acquisition and sustainment priorities. Earlier this month and our last press briefing i made a commitment to come back to you when we were ready to announce the next f 35 contract. Here we aare. The f 35 Program Milestone authority alongside abwe are here to announce the u. S. Department of defense and Lockheed Martin have made tremendous progress and now have an Agreement Regarding the lot 12 to 14 Production Contract. This is a historic milestone to the f35 enterprise. As the f35 is our largest taxpayer investment and will form the backbone of the u. S. And allied fifthgeneration inventory for the foreseeable future. Anf in the joint Program Office are laser focused on driving cost out, quality up, and achieving timely deliveries of our capability to our war fighters. With respect to ontime delivery weve exceeded the total aircraft quantity we delivered to the war fighter last year. We have a 96 per
Defense officials now talk about what this means for the program. As i have consistently said, the f35 Program Remains one of my top acquisition and sustainment priorities. Earlier this month at our last press briefing, i made a commitment to come back to you when we were ready to announce the next f35 contract. So here we are. As the f35 Program Milestone authority, alongside Lieutenant General eric, the f35 Program Executive officer, were here to announce the u. S. Department of defense and Lockheed Martin have made tremendous progress and now have an Agreement Regarding the lot 12 through 14 production contract. This is an historic milestone for the f35 enterprise as the f35 is our largest tack air investment and will form the backbone of the u. S. And allied fifth generation inventory for the foreseeable future. Ans and the joint Program Office are laser focused on driving cost out, quality up, and achieving timely deliveries of our capability to our war fighters. With respect to o
Defense and they have made tremendous progress and now have an Agreement Regarding the lot 12 13 production process. This is a new milestone to the enterprise as of 35 is the largest investment and will form the backbone of the u. S. And allied inventories for the foreseeable future. Anf in the joint Program Office are laser focused on driving cost out, quality up and achieving timing delivery of our capability to our war fighters. We respect ontime delivery, we have exceeded the total aircraft quantity we delivered to the war fighter last year in revenue to 6 ontime delivery rate. A tremendous improvement from where we were last year with an average ontime delivery rate of 64 . On quality while we have made progress, there are still significant opportunities for improvement and we continue to communicate to concerns based on the data we collect. The 34 billiondollar agreement for of 35 low Rate Initial Production 12 14 of 478 f35 aircraft. 149 for lot 12, 164 lot 13 and 169 for lot 14
As the f35 Program Milestone authority, alongside Lieutenant General eric fick, the f35 Program Executive officer, were here to announce that the u. S. Department of defense and Lockheed Martin have made tremendous progress and now have an Agreement Regarding the lot 12 through 14 production contract. This is a new, stark milestone for the f35 enterprise, as the f35 is our largest tacair investment and will form the backbone of the u. S. And allied fifthgeneration inventory for the foreseeable future. A s and the joint Program Office are laserfocused on driving cost out, quality up, and achieving timely deliveries of our capability to our warfighters. With respect to ontime delivery, we have exceeded the total aircraft quantity wepe delivered to the warfighter last year, and we have a 96 ontime delivery rate, a tremendous improvement from where we were last year, with an average ontime delivery rate of 64 . On quality, while we have made progress, there are still significant opportunit
The replacement program for aging Minuteman III missiles may be cut back due to costs potentially exceeding Nunn-McCurdy Law limits. That comes amid increases in labor and raw material costs, missile infrastructure modernization and laying fiber optic networks across several US states.