As of February 2015, the F-35 program has achieved significant milestones, including 130 aircraft flying, over 29,000 flight hours, and 65% of the testing program completed, on track for completion in 2017. There are 9 countries involved, with recent deliveries to countries like Norway and the delivery of the first Australian jet, and prices have dropped 57% since 2010. The program aims to save approximately $1.8 billion by 2019, targeting a cost of less than $80 million per F-35A jet.

1. F-35 Update
Steve Over
February 2015

2. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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Summary
F-35 Is Here!
• 9 Operating Bases, 130 Airplanes Flying, Surpassed 29,000 Flying Hours
• More Than 160 Pilots and 1,700 Maintainers Trained
• 88 Jets Under Construction at Fort Worth Plant
• 65% of Test Program Complete, On Track To Finish in 2017
• Price of an F-35A Reduced 57% Since 2010
• Total of 9 Countries Are Flying or Having Jets Built
• Korea Joined Israel and Japan as 3rd FMS Country September 2014
• First Italian FACO F-35 Rollout Set for 2015
• Nearly 50% of Jets Delivered in Next 5 Years Are International
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3. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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F-35 Bed Down Through 2018
F-35 Global Deployment
United
Kingdom (9)
RAF Marham
Australia (2)
Williamtown
Norway (9)
Orland FMS (32)
Total: 356
F-35A F-35BF-35C
Italy (7)
Amendola
Grottaglie

4. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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F-35 Bed Down Through 2020

5. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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2014 Milestones
• First Delivery to Luke
• Start of 3i Flight Testing
• First Jet Arrival to Beaufort for the Marine Corps
• Delivery of First Australian Jet
• Start 3F Testing
• Complete First Carrier Ship Trials
• Complete 2B Flight Test for USMC IOC
• Continue Driving Costs Out of the Program
Delivering on Major Customer Milestones
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6. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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2015 Major F-35 Events
• First F-35 Rollout at Italian FACO
• Sea Trial – USMC F-35B OT-1
• Start of Pilot Training at Luke
• Marine Corps IOC
• Denmark Future Fighter Selection
• Sea Trial - USN F-35C DT-2
• Delivery of First F-35A to Norway
• Delivery of First F-35A to Hill AFB
• Signing LRIP 9-10 for Approximately 150 Aircraft
• Meeting Production Deliveries for 2015
• F-35 Theme at Armed Forces Bowl
• Sustainment Announcements for Support Systems
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7. DISTRIBUTION STATEMENT A: Approved for public release; distribution is unlimited. Approved for public release 02-11-15 JSF15-252.
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F-35A Price (TY$)
57% Reduction in Cost From LRIP 1-8
As of 1 Feb 2014
Buy Year
$0
$50
$100
$150
$200
$250
0
50
100
150
200
250
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
LRIP 1 LRIP 2 LRIP 3 LRIP 4 LRIP 5 LRIP 6 LRIP 7 LRIP 8 LRIP 9 LRIP 10 LRIP 11 FR1-1 FR1-2 FR1-3 FR1-4
LotAverageAircraftPriceTY$M
AircraftQuantity
USAF USDoN International SAR 2013 F-35A With Engine TY$

8. F-35 Program Information – Non-Export Controlled Information – REL TO F-35 Program
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Blueprint for Affordability
• Saves Approximately $1.8 Billion by 2019
• Reduces the Cost of an F-35 Jet, by Approximately $10 Million by 2019
• F-35A Will Cost Less Than $80 Million per Jet in Then-Year Dollars by 2019
• Cost Savings Begin Now and Continue Throughout 25-Year Production Profile
Leveraging Ideas From Across the Global Supply Chain
Industry
Industry
Government
Government
Government
U.S.Government
Industry
Industry
U.S.Government
U.S.Government
Potential USG Investment
$85M
$100M $100M $100M
$85M
LM, NGC and BAES Investment