Lockheed Martin achieves 1st PC-21 flight under Australia's Air 5428 pilot training

Lockheed Martin (NYSE: LMT) and Pilatus Aircraft Ltd. have completed the initial production test flight of the first PC-21 aircraft targeted for the Australian Defence Force under the AIR 5428 pilot training system program, the company said.

Under a contract signed in December 2015, the initial seven-year program is valued at AUD1.2 billion. Performance-based options for up to 25 years will provide the opportunity to extend the length and increase the value of the total contract.

This PC-21 flight, registered as A54-001, will be handed over to the Royal Australian Air Force at East Sale in June 2017 after completion of testing and verification work in both Switzerland and Australia.

Headquartered in Canberra, Lockheed Martin Australia is a wholly owned subsidiary of Lockheed Martin Corporation, working on programs spanning the aerospace, defence and civil sectors.