Sunday, December 16, 2012

Update on LRIP-5, F-35 procurement

The following is an update on DOD procurement for the low-rate-initial-production batch 5 (LRIP-5) of F-35 aircraft. There will be another update this month as the defined contracts for the airframes and engines are released by the U.S. Department of Defense.

$138M 10May10 Long-lead-engines (then 42)
$522.5M 6Jul10 Long-lead items (then 42)
$4012M 9Dec11 Airframes (30) (TBD,defined EOY 2012 [32]*)
$485M 27Dec11 Non-recurring requirements
$1122M 27Dec11 Engines (TBD,defined EOY 2012)
$56.3M 13Mar12 Sustainment
$127.7M 14Dec12 Required to define end of year airframe order

$6463.5M -- Total

*Aviation Week predicts this contract (now for 32 F-35s) will be for $3800M, which if true (when the pending contract is announced) will put current LRIP-5 procurement at $6251.5M. This will change again once a defined contract for the jet-engines is released.

Also, like previous low-rate-initial-production batch contracts, there may be other LRIP-5 related contracts in the future.