F-35 Lightning II integral to defense strategies of myriad governments, says report

F-35

DUBLIN, 2 Aug. 2012. Concerns about costs are mounting, yet incumbent governments remain committed to the F-35 Joint Strike Fighter program and development of this fifth-generation jet fighter remains integral to many countries' defense strategy, according to Research and Markets’ latest report, "Lockheed Martin Corporation: The implications of the F-35 Lightning II project.”

Despite technical problems, the F-35 achieved several milestones in 2011 and is surpassing expectations in several key criteria, reveals the report. MarketLine case studies describe topics, such as innovative products, business models, and significant company acquisitions; explain the rationale of commercial decisions; and illustrate wider market and economic trends.

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, says a representative. 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, adds the representative.

 

Wire News provided by   

 

Press Releases

Low Viscosity, One Part Cyanoacrylate Is Non-Toxic and Meets ISO 10993-5 Specifications

Master Bond MB250NT is widely used for a variety of applications ranging from repair to high speed pro...

Thermally Conductive, Two Component Epoxy Passes USP Class VI Tests and ISO 10993-5 Specifications

With biocompatibility and cytotoxicity certifications, Master Bond EP21AOLV-2Med is often selected for...

One Component, Snap Cure Epoxy Features High Strength Properties

Suitable for a variety of applications in the electronic, aerospace and OEM industries, Master Bond EP...

One Part Epoxy Resists up to 500°F and Meets NASA Low Outgassing Specifications

Master Bond Supreme 12AOHT-LO is a one component epoxy for a variety of bonding and sealing applicatio...

VICTORY Shared Processing, Fire Control Computer, and Switch for Ground Vehicles Introduced by Curtiss-Wright

Curtiss-Wright Corporation today announced that its Defense Solutions division has introduced a new fu...

CURTISS-WRIGHT CONGRATULATES NORTHROP GRUMMAN ON SUCCESSFUL FIRST FLIGHT OF SECOND MQ-4C TRITON UAS

Curtiss-Wright Corporation’s Defense Solutions division applauds Northrop Grumman Corporation (NYSE: N...

Curtiss-Wright’s New Rugged Mobile IP Router Subsystem Features an Integrated Cisco® 5915 ESR Router

Curtiss-Wright Corporation today announced that its Defense Solutions division, a Cisco® Systems Solut...

GE Announces First Sub-Credit Card-Sized Multi-Function High Definition (HD) Video Tracker

HUNTSVILLE, AL.— OCTOBER 13, 2014—GE’s Intelligent Platforms business today announced at AUSA (Octobe...

Most Popular Articles


All Access Sponsors


Follow Us On...