Lockheed Martin: Doubts about the future of the F-35

Lockheed Martin: Doubts about the future of the F-35

– Portugal to cancel purchase of F-35A

– Canada also likely to reconsider purchase of F-35A

Summary from Grandfleet article.

F-35 Deal with GCAP Fighters ...

With NGAD loss and hazy future for F-35:

Is the United States a trustworthy partner?

The Trump administration has repeatedly made statements and attitudes that seem to disregard the sovereignty of other countries.

Distrust of the F-35, a symbol of security, is rapidly growing.

1. Portugal has scrapped its seemingly certain purchase of the F-35A.

2. Canada is also likely to reconsider its purchase of the F-35A.

Denmark regrets purchase of the F-35A:

Defense Commission Chairman Rasmus Jarlov made a shocking statement.

・”We regret the introduction of the F-35A.”

・”The F-35A is nothing but a security risk.”

・”Allies should avoid introducing US systems.”

German Chancellor Candidate Merz:

“We will achieve true independence from the US step by step.”

Tom Enders, President of the German Council on Foreign Relations:

1. Germany only bought the expensive F-35 to please the US.

2. No one in Germany needs the F-35.

For now, the interim government is sticking to its policy of “introducing the F-35A.”

UK Stance: Defending the F-35 Introduce:

The UK government defends its position on introducing the F-35.

1. The UK is a participant in the F-35 program and is responsible for 15% of total production.

2. The UK has the advantage of being able to operate the F-35 without US permission.

“Replacement for Typhoon Tranche 1”: Procurement issues

1. The UK is facing a problem of whether to procure F-35 or Tranche 4.

2. Pressure to order Tranche 4 is growing in the Western media.

However, doubts have been expressed about the future of the F-35.

Lockheed Martin’s future in doubt: Breaking Defense:

At this stage, the US Air Force plans to procure 1,763 F-35s.

1. However, Lockheed Martin lost out in the Air Force’s NGAD = F-47 program.

2. It has also dropped out of the US Navy’s F/A-XX procurement race.

Bank of America, Melius, and RBC Capital have downgraded Lockheed’s investment rating from “buy” to “neutral.”

High annual maintenance costs for F-35:

By 2036, the number of F-35s in operation will reach its peak.

1. The annual operating cost per aircraft needs to be reduced to $3.7 million (47%).

2. The US Air Force will bear an additional $9.3 billion (an increase of $4.4 billion) in annual operating costs for the F-35A.

This will take away funds from other programs, reducing the combat capability and readiness of the US Air Force.

Completion date of Block 4 is unknown: US Air Force Lt. General Schmidt:

The completion date of Block 4 components (software, TR3, F135EEP, power and cooling systems, etc.) is still unknown.

1. Many of the capabilities planned for Block 4 will not be realized until the 2030s.

2. As a result, the US has decided to restructure Block 4 itself.

The practical use of the FQ-42A and FQ-44A is also imminent (at least 1,000 aircraft will be procured).

Number of F-35As to be procured: expected to be reduced in the future

Increasing operating costs and development delays for the F-35A have caused the budget to exceed stringent limits.

It is unclear when Block 4 will be completed, and it is expected that the number of F-35As to be procured will be reduced.

https://grandfleet.info/us-related/wall-street-doubts-lockheed-martins-future-but-f-35-is-not-the-only-concern/