1. F-35 fleet surpasses 1 million flight hours, showcasing its global dominance. 2. The milestone underscores strong commitments from pilots and international partners. 3. F-35 enhances capabilities, crucial for air superiority against adversarial threats. 4. Combat operations include successful deployments of all F-35 variants. 5. Lockheed Martin aims to expand F-35 capabilities and fleet size.
The achievement indicates strong demand and reliability for the F-35 program. Past milestones have led to positive price movements for LMT as defense expenditures increase.
The article reinforces LMT's role in global defense, positively influencing investor sentiment.
Sustained demand for F-35s can underpin future revenue for LMT. Historically, defense contracts show long-term expenditure patterns boosting stock value.
Today, Lockheed Martin [NYSE: LMT] announced that the global F-35 fleet has surpassed 1 million flight hours, further proof of the program's size and strength in ensuring America's warfighter and those of our allies maintain air dominance around the world.
"Reaching 1 million flight hours is a monumental achievement for the F-35 program. It highlights the unwavering dedication of our pilots, maintainers, industry partners and our international partners and foreign military sales customers," said Lt. Gen. Michael Schmidt, Program Executive Officer for the F-35 Lightning II Joint Program Office. "This milestone is not just a testament to the F-35's unmatched capability, but also to the resilience and commitment of everyone involved in this program. As we continue to expand the fleet and advance the F-35's capabilities, we are ensuring the warfighters of today and tomorrow have the most advanced, reliable, and effective tool to protect our nations."
Throughout the 1 million hours flown, the F-35 team has significantly enhanced the capabilities of the F-35 and achieved many unprecedented aviation firsts with the world's most advanced fighter aircraft.
"The F-35 is the backbone of the allied force, enabling peace through strength in the 21st century," said Chauncey McIntosh, vice president and general manager of the F-35 Lightning II program at Lockheed Martin. "As we look to the future, we are focused on continuing to increase the capabilities of the F-35 to ensure we stay ahead of adversarial threats."
The 1 million flight hours includes combat operations now completed by all F-35 variants following the F-35C being deployed in combat for the first time in November 2024, successfully striking targets in contested airspace.
The F-35 team is now focused on the next 1 million hours to be flown by the growing global fleet of more than 1,100 jets, ensuring the F-35 maintains its air superiority role and remains the cornerstone of air dominance as it works in tandem with other 4th, 5th and next-gen platforms. This includes the capability to control drones, including the U.S. Air Force's future fleet of Collaborative Combat Aircraft.
"Not only is it the world's most advanced fighter jet, the F-35 also makes those fighting with it better by connecting the battlespace, ensuring the warfighter gets home safely," McIntosh added.
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.
SOURCE Lockheed Martin Aeronautics