Denmark has joined the Joint Strike Fighter program as a Level 3 partner and the Royal Danish Air Force is considering the replacement of 48 of its aging F-16 fighters with next generation aircraft. While the United States is the primary customer and financial backer, the United Kingdom, Italy, the Netherlands, Canada, Turkey, Australia, Norway and Denmark have agreed to contribute US$4.375 billion toward the development costs of the program.
Level 3 partners are Canada, US$475 million; Turkey, US$195 million; Australia, US$144 million; Norway, US$122 million and Denmark, US$110 million. Israel and Singapore have joined as Security Cooperative Participants (SCP).
”Participation in the F-35 program is based on a Best Value approach, and with this contract, Terma proves that we can deliver world-class high-tech solutions at competitive prices," says Jens Maaløe, President & CEO of Terma A/S. He continues: ”Terma has entered into a series of specific orders for the F-35 on a continuous basis, and we expect to win more contracts in the coming years."
The agreement between Lockheed Martin and Terma includes the supply of advanced aircraft components for the stabilizers, primarily produced in composite materials. With this contract, Terma now supplies a range of components for the F-35. Besides structures for the aircraft stabilizers, this includes conventional edges for the aircraft wings and parts for the fuselage, pods for advanced test equipment, and high-tech electrical components.
"The parts we supply for the F-35 are all solutions which require highly skilled employees and cutting-edge technology. Therefore, our staff and our manufacturing facilities are in constant development in order to maintain our position as one of the world's leading manufacturers of structures for aircraft," says Jens Maaløe, President & CEO of Terma.
At this early stage, the F-35 is in development and in its initial low rate production phase. This multi-million DKK contract covers the 17 aircraft included in the Low Rate Initial Production (LRIP) 3 phase of the program. Lockheed Martin expects to manufacture more than 3,000 F-35 aircraft, and when full-rate production is initiated in 2015, Lockheed Martin will manufacture one F-35 aircraft per day.
Terma is a leading Denmark-based defense, aerospace, and security company. The company realized 2007/08 sales of approximately USD 180 million and employs approximately 1,300 people worldwide. Terma A/S is headquartered in Århus, Denmark and maintains subsidiary facilities and operations in a number of European countries, Singapore, and in the U.S., including the wholly owned subsidiary, Terma North America Inc.
Monday, March 09, 2009
Denmark’s Terma Wins New F-35 Contract / Terma Secures F-35 Joint Strike Fighter Contract
Denmark’s Terma Wins New F-35 Contract / Terma Secures F-35 Joint Strike Fighter Contract
(NSI News Source Info) March 9, 2009: Terma has entered into an additional contract for parts for the Lockheed Martin F-35 Joint Strike Fighter aircraft which is among the candidates to become Denmark's new fighter aircraft. On 24 February 2009, Terma signed a contract with Lockheed Martin to supply parts for the F-35 aircraft stabilizers. The F-35 Joint Strike Fighter is among the candidates to become Denmark's new fighter aircraft. Denmark has joined the Joint Strike Fighter program as a Level 3 partner and the Royal Danish Air Force is considering the replacement of 48 of its aging F-16 fighters with next generation aircraft. While the United States is the primary customer and financial backer, the United Kingdom, Italy, the Netherlands, Canada, Turkey, Australia, Norway and Denmark have agreed to contribute US$4.375 billion toward the development costs of the program.
Level 3 partners are Canada, US$475 million; Turkey, US$195 million; Australia, US$144 million; Norway, US$122 million and Denmark, US$110 million. Israel and Singapore have joined as Security Cooperative Participants (SCP).
”Participation in the F-35 program is based on a Best Value approach, and with this contract, Terma proves that we can deliver world-class high-tech solutions at competitive prices," says Jens Maaløe, President & CEO of Terma A/S. He continues: ”Terma has entered into a series of specific orders for the F-35 on a continuous basis, and we expect to win more contracts in the coming years."
The agreement between Lockheed Martin and Terma includes the supply of advanced aircraft components for the stabilizers, primarily produced in composite materials. With this contract, Terma now supplies a range of components for the F-35. Besides structures for the aircraft stabilizers, this includes conventional edges for the aircraft wings and parts for the fuselage, pods for advanced test equipment, and high-tech electrical components.
"The parts we supply for the F-35 are all solutions which require highly skilled employees and cutting-edge technology. Therefore, our staff and our manufacturing facilities are in constant development in order to maintain our position as one of the world's leading manufacturers of structures for aircraft," says Jens Maaløe, President & CEO of Terma.
At this early stage, the F-35 is in development and in its initial low rate production phase. This multi-million DKK contract covers the 17 aircraft included in the Low Rate Initial Production (LRIP) 3 phase of the program. Lockheed Martin expects to manufacture more than 3,000 F-35 aircraft, and when full-rate production is initiated in 2015, Lockheed Martin will manufacture one F-35 aircraft per day.
Terma is a leading Denmark-based defense, aerospace, and security company. The company realized 2007/08 sales of approximately USD 180 million and employs approximately 1,300 people worldwide. Terma A/S is headquartered in Århus, Denmark and maintains subsidiary facilities and operations in a number of European countries, Singapore, and in the U.S., including the wholly owned subsidiary, Terma North America Inc.
Denmark has joined the Joint Strike Fighter program as a Level 3 partner and the Royal Danish Air Force is considering the replacement of 48 of its aging F-16 fighters with next generation aircraft. While the United States is the primary customer and financial backer, the United Kingdom, Italy, the Netherlands, Canada, Turkey, Australia, Norway and Denmark have agreed to contribute US$4.375 billion toward the development costs of the program.
Level 3 partners are Canada, US$475 million; Turkey, US$195 million; Australia, US$144 million; Norway, US$122 million and Denmark, US$110 million. Israel and Singapore have joined as Security Cooperative Participants (SCP).
”Participation in the F-35 program is based on a Best Value approach, and with this contract, Terma proves that we can deliver world-class high-tech solutions at competitive prices," says Jens Maaløe, President & CEO of Terma A/S. He continues: ”Terma has entered into a series of specific orders for the F-35 on a continuous basis, and we expect to win more contracts in the coming years."
The agreement between Lockheed Martin and Terma includes the supply of advanced aircraft components for the stabilizers, primarily produced in composite materials. With this contract, Terma now supplies a range of components for the F-35. Besides structures for the aircraft stabilizers, this includes conventional edges for the aircraft wings and parts for the fuselage, pods for advanced test equipment, and high-tech electrical components.
"The parts we supply for the F-35 are all solutions which require highly skilled employees and cutting-edge technology. Therefore, our staff and our manufacturing facilities are in constant development in order to maintain our position as one of the world's leading manufacturers of structures for aircraft," says Jens Maaløe, President & CEO of Terma.
At this early stage, the F-35 is in development and in its initial low rate production phase. This multi-million DKK contract covers the 17 aircraft included in the Low Rate Initial Production (LRIP) 3 phase of the program. Lockheed Martin expects to manufacture more than 3,000 F-35 aircraft, and when full-rate production is initiated in 2015, Lockheed Martin will manufacture one F-35 aircraft per day.
Terma is a leading Denmark-based defense, aerospace, and security company. The company realized 2007/08 sales of approximately USD 180 million and employs approximately 1,300 people worldwide. Terma A/S is headquartered in Århus, Denmark and maintains subsidiary facilities and operations in a number of European countries, Singapore, and in the U.S., including the wholly owned subsidiary, Terma North America Inc.
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