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Lockheed signs long-term contracts with supplier for lower costs, better availability

Lockheed signs long-term contracts with supplier for lower costs, better availability

Business
April 19 (UPI) -- Lockheed has moved sub-contractors into performance-based logistics contracts or master repair agreements to improve capacity, reduce costs and enhance supply availability, the company announced this week. "As the F-35 fleet expands, we are partnering with our customers and taking aggressive actions to enhance F-35 readiness and reduce sustainment costs," Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program, said in a news release Wednesday. "The F-35 global supply chain is a key enabler to success, and we're restructuring and streamlining several contracts with key industry partners to provide the long-term stability that will allow them to make investments, improve efficiencies and optimize their performance." The performance-based logist...