Source: DTN News / Lockheed Martin
(NSI News Source Info) MARIETTA, Ga.,- September 15, 2010: Lockheed Martin [NYSE: LMT] continues to meet and exceed the production and delivery schedule for the F-22 Raptor, with 86 straight aircraft delivered on or ahead of schedule to the U.S. Air Force. To date, the company has delivered 166 production F-22s, including 13 this year.
The F-22 EMD program marked a successful first flight on September 7, 1997. The flight test program, which has already begun in Marietta, Georgia, will continue at Edwards AFB, California through the year 2001. Low rate production is scheduled to begin in FY99. The aircraft production rate will gradually increase to 36 aircraft per year in FY 2004, and will continue that rate until all 339 aircraft have been built (projected to be complete in 2013). Initial Operational Capability of one operational squadron is slated for December 2005.The F-15 fleet is experiencing problems with avionics parts obsolescence, and the average age of the fleet will be more than 30 years when the last F-22 is delivered in 2013. But the current inventory of F-15s can be economically maintained in a structurally sound condition until 2015 or later. None of the 918 F-15s that were in the inventory in July 1992 will begin to exceed their expected economic service lives until 2014. Media Contact: Chris McGee