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Lockheed Martin Corporation: The implications of the F-35 Lightning II project Product Image

Lockheed Martin Corporation: The implications of the F-35 Lightning II project

  • Published: July 2012
  • Region: Global
  • 20 Pages
  • MarketLine

Introduction
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
MarketLine Case Studies describe topics such as innovative products, business models, and significant company acquisitions. Fact-based and presented in an accessible style, they explain the rationale of commercial decisions and illustrate wider market and economic trends. 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 READ MORE >

Overview 2
Catalyst 2
Summary 2
Analysis 5
The F-35 is a significant investment for Lockheed Martin 5
Lockheed Martin is one of the largest global defense contractors 5
The F-35 was chosen as the next generation of fighters for the US military and beyond 5
The JSF program is also crucial for the US’s allies 6
Fifth generation jet technology is vital to security interests 6
The current generation of fighters are still competitive, but technology is advancing 6
Advanced technology permits a better projection of deterrence 7
The JSF is the only viable Western fifth generation jet fighter 7
The JSF program has several advantages 8
Advanced technology permits currently unrivalled combat capabilities 8
The program initially offered affordable increases in performance 9
Replacement of several products improves interoperability 9
The JSF program is facing numerous challenges 9
The US has postponed short-term orders 9
The affordability of the project has been called into question 10
Technical problems persist, particularly with the F-35B 10
The production model of the F-35 11
The JSF may not recoup falling international orders 12
Conclusions 15
The JSF will endure higher costs, but will come to fruition 15
Appendix 16
Definitions 16
Sources 16
Further Reading 17
Ask the analyst 17
About MarketLine 17
Disclaimer 17

TABLE OF FIGURES
Figure 1: Percentage of F-35 related net sales to Lockheed Martin’s total net sales 6
Figure 2: Lockheed Martin’s F-22 Raptor fighter jet 8
Figure 3: Lockheed Martin’s F-35B variant 11
Figure 4: Lockheed Martin’s F-35 production line in Fort Worth, Texas 12

Note: Product cover images may vary from those shown

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