Lockheed Martin meets 2017 F-35 delivery target

Lockheed Martin (NYSE: LMT) delivered the 66th F-35 aircraft for the year, meeting the joint government and industry delivery target for 2017, the company said.

To date, more than 265 F-35 aircraft have been delivered to US and international customers. More than 530 pilots and nearly 5,000 maintainers have been trained, and the F-35 fleet has surpassed more than 115,000 cumulative flight hours.

Sixty-six F-35 deliveries in 2017 represents more than a 40 percent increase from 2016, and the F-35 enterprise is prepared to increase production volume year-over-year to hit full rate of approximately 160 aircraft in 2023.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.