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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 ....
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 mile ....
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 agr ....
Largest taxpayer investment with the backbone of us and ally fifth generation inventory for the foreseeable future. The joint Program Office are laser focus to drive cost ou out, quality up and achieving timely deliveries to our war fighters. With respect to ontime deliver delivery, we exceeded the total aircraft quantity we delivered to the war fighter last year and have 96 percent ontime delivery rate. A tremendous improvement for one from where we were last year with an average ontime delivery rate of 64 percent. While we made progress there is significant opportunities for improvement and we continue to communicate specific concerns to lockheed based on the data we collect. The 34 billiondollar agreement f 35 production includes the delivery of 478 f 35 aircraft 149 lot 12160 lot 13169 lot 14 in support of Us Military Services our partner nations and sales customers ....