Although concerns are mounting regarding rising costs, incumbent governments remain committed to the F-35 program, and the development of fifth generation jet fighters remains integral to many countries’ defense strategy. Although technical problems persist, the F-35 achieved several milestones in 2011, and is currently surpassing expectations in several key criterion.
Scope of this research
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Research and analysis highlights
Lockheed Martin is one of the largest global defense contractors, and the Joint Strike Fighter represents a significant investment for the company and several countries’ defense strategies.
The project offers many advantages to its participants, with the highly advanced fighter jet offering unrivalled capabilities. It was initially considered to be a relatively cost-effective measure for replacing aging fourth generation aircraft, and the design of the model promised a high degree of interoperability and logistical benefits.
The project is facing numerous challenges as customers postpone or trim their orders in the advent of the global slowdown and debt crisis. The costs of the program have come under scrutiny, while technical problems have plagued the project.
Key reasons to purchase this research
Will the F-35 endure eroding support, escalating costs, and declining spending in many potential markets?
With the closing of the F-22 program and the F-35’s significance to Lockheed Martin’s long-term strategy, what are the implications for the company?