{"id":77700,"date":"2024-03-12T18:58:24","date_gmt":"2024-03-12T23:58:24","guid":{"rendered":"https:\/\/equitynewsreport.com\/us-says-f-35-fighter-jet-program-achieves-full-rate-production\/"},"modified":"2024-03-12T18:58:24","modified_gmt":"2024-03-12T23:58:24","slug":"us-says-f-35-fighter-jet-program-achieves-full-rate-production","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/us-says-f-35-fighter-jet-program-achieves-full-rate-production\/","title":{"rendered":"US says F-35 fighter jet program achieves full-rate production"},"content":{"rendered":"<div readability=\"68\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"US says F-35 fighter jet program achieves full-rate production\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2B0V9_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. FILE PHOTO: A F-35 fighter jet taxis during a media day of NATO&#8217;s &#8220;Air Defender 23&#8221; military exercise at Spangdahlem U.S. Air Base near the German-Belgian border in Spangdahlem, Germany June 14, 2023. REUTERS\/Jana Rodenbusch\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>(Reuters) &#8211; The F-35 fighter jet program achieved full-rate production after the successful completion of a crucial series of tests last year, the U.S. Department of Defense (DOD) said on Tuesday.<\/p>\n<p>Full-rate production, known as Milestone C, in the advanced fighter jet program signifies the completion of operational testing, allowing the Pentagon&#8217;s acquisition chief to approve &#8220;full rate&#8221; production.<\/p>\n<p>Reaching full-rate production could translate into increased funding, either through progress funding or higher jet production numbers, benefiting <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Lockheed Martin <\/span><\/span> (NYSE:), the F-35&#8217;s prime contractor.<\/p>\n<p>&#8220;This decision &#8211; backed by my colleagues in the Department -highlights to the Services, F-35 Cooperative Program Partners, and Foreign Military Sales customers that the F-35 is stable and agile, and that all statutory and regulatory requirements have been appropriately addressed,&#8221; said Under Secretary of Defense for Acquisition and Sustainment William A. LaPlante.<\/p>\n<p>However, a lingering issue on the TR-3 tech refresh remains unresolved, which is potentially a final barrier for Lockheed Martin from getting the full amount it charges for each jet sold. <\/p>\n<p>The program has already delivered more than 990 F-35 jets to various customers, including the U.S. military, international partners, and foreign military sales. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: A F-35 fighter jet taxis during a media day of NATO&#8217;s &#8220;Air Defender 23&#8221; military exercise at Spangdahlem U.S. Air Base near the German-Belgian border in Spangdahlem, Germany June 14, 2023. REUTERS\/Jana Rodenbusch\/File Photo (Reuters) &#8211; The F-35 fighter jet program achieved full-rate production after the successful completion of a crucial series of tests last year, the U.S. Department of Defense (DOD) said on Tuesday. Full-rate production, known as Milestone C, in the advanced fighter jet program signifies the completion of operational testing, allowing the Pentagon&#8217;s acquisition chief to approve &#8220;full rate&#8221; production. Reaching full-rate production [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77701,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77700"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77700"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77701"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}