The Boeing YAL-1 Airborne Laser Testbed, (formerly Airborne Laser) weapons system now sits decommissioned in the boneyard. The YAL-1 was primarily designed as a missile defense system to destroy tactical ballistic missiles with an airborne laser system.
The remains of a B-66 Destroyer sit palletized. The aircraft was a light bomber with the Tactical Air Command and the RB-66 models were used as the major night photo-reconnaissance aircraft for the Air Force during the 1950s.
Ret. Col. Paul Dillon, a vietnam combat pilot, stands with an A-10 Thunderbolt II. The jet is one of the many airframes the colonel flew while in the Air Force. Dillon is wearing his 469th Tactical Fighter Squadron flightsuit from his duty in Vietnam were he flew interdiction operations in North Vietnam and Laos.
A UH-34D Seahorse helicopter, which began service in 1952 as a Navy anti-submarine warfare helicopter and served as the primary Marine Corps assault helicopter of the Vietnam War. This one now sits as part of the more than 4,400 deactivated aircraft.
Marilyn Savage, widow of Lt. Col. Robert Savage, joined the Air Force in October of 1951 and was discharged in 1953 as a sergeant. She is a past president of the Society of Military Widows and has been a member of the group for more than 20 years. Her husband piloted the F-84 Thunderjet similar to the one behind Marilyn.
The $600 million is to be shaved off of the 10th Low Rate Initial Production (LRIP-10) contract, which is worth an estimated $9 billion for the delivery of 90 F-35s.
And though it would appear that Trump — after publicly criticizing the crown jewel in the defense giant's portfolio — is the reason for the savings, the price reduction was in the works.
Rewinding the tape back to a December 19 briefing, Lt. Gen. Chris Bogdan, head of the F-35 Joint Program Office, said the price for LRIP-10 contract would be reduced "significantly."
"I fully anticipate that when we do settle LRIP-10 you'll see all three variants, the A, the B, and the C come down in price significantly," Bogdan said. And by "significantly" Bogdan added that he believes "somewhere on the order of 6 to 7 percent per airplane, per variant."
The finalized price for LRIP-9, which took 14 months of negotiations between the Department of Defense and Lockheed Martin, for 57 F-35 jets was valued at $6.1 billion. The unit price for an F-35A in current year dollars (including aircraft, engine, and fee) is $102.1 million. If you take the 6 to 7 percent reduction into account, the savings on LRIP-10 are ballpark to the price point laid out by the Joint Program Office back in December.
I did some math on the plane that seems to show that a $600M cut to F-35 LRIP 10 pretty much adheres to the JPO's 6-7% projected reduction. pic.twitter.com/ab1DTi5Jcy
And despite significant snags in developing the fifth-generation jet, the Pentagon's top weapons supplier beat on both the top and bottom lines in its quarterly earnings.
For the quarter that ended December 31, Lockheed Martin earned an adjusted $3.25 per share on revenue of $13.75 billion. Analysts were looking foradjusted EPS of $3.05 on revenue of $13.03 billion.
Lockheed Martin F-35 program
Lockheed Martin F-35 program
A Lockheed Martin Corp. F-35A jet flies during a training mission in Hill Air Force Base, Utah, U.S., on Friday, Oct. 21, 2016. Lockheed Martin Corp.'s accelerating revenue growth outlook is boosted by its recent portfolio moves, which are enabling the world's largest defense contractor to better capitalize on higher foreign demand. Rising F-35 production is a key driver, as deliveries are to double by 2019 vs. current levels.
(George Frey/Bloomberg via Getty Images)
A fighter pilot secures the cockpit while crew members prepare the Lockheed Martin Corp. F-35A jet for a training flight in Hill Air Force Base, Utah, U.S., on Friday, Oct. 21, 2016. Lockheed Martin Corp.'s accelerating revenue growth outlook is boosted by its recent portfolio moves, which are enabling the world's largest defense contractor to better capitalize on higher foreign demand. Rising F-35 production is a key driver, as deliveries are to double by 2019 vs. current levels.
(George Frey/Bloomberg via Getty Images)
A Lockheed Martin Corp. F-35 performs during its flying display on the second day of the Farnborough International Airshow 2016 in Farnborough, U.K., on Tuesday, July 12, 2016. The air show, a biannual showcase for the aviation industry, runs until July 17.
(Simon Dawson/Bloomberg via Getty Images)
A Lockheed Martin Corp. F-35A jet flies during a training mission in Hill Air Force Base, Utah, U.S., on Friday, Oct. 21, 2016. Lockheed Martin Corp.'s accelerating revenue growth outlook is boosted by its recent portfolio moves, which are enabling the world's largest defense contractor to better capitalize on higher foreign demand. Rising F-35 production is a key driver, as deliveries are to double by 2019 vs. current levels. Photographer: George Frey/Bloomberg via Getty Images
A Dutch Lockheed Martin F-35 Lightning II fighter jet takes off at Edwards Air Force Base, California, on November 24, 2015.
The Lockheed Martin F-35 Lightning II is a family of single-seat, single-engine, all-weather stealth multirole fighters undergoing final development and testing for the United States and partner nations. The fifth generation combat aircraft is designed to perform ground attack and air defense missions.The program is the most expensive military weapons system in history, and it has been the object of much criticism from those inside and outside governmentin the US and in allied countries. / AFP / DAVID MCNEW (Photo credit should read DAVID MCNEW/AFP/Getty Images)
Visitors look at a model of the Lockheed Martin F-35 Lightning II during a media preview day of the Seoul International Aerospace and Defense Exhibition at a military air base in Seongnam, south of Seoul, on October 19, 2015. The exhibition will run from October 20 to 25 with 386 companies from 32 countries involved. AFP PHOTO / JUNG YEON-JE (Photo credit should read JUNG YEON-JE/AFP/Getty Images)
Norwegian Chief of Defence, Admiral Haakon Bruun-Hassen speaks at the Norway F-35 rollout celebration at Lockheed Martin in Fort Worth, TX, on Tuesday, Sep. 22, 2015. Ceremonies were held at the Lockheed Martin F-35 production facility celebrating the rollout of the first F-35A Lightning II for the Norwegian Armed Forces. AFP PHOTO/LAURA BUCKMAN (Photo credit should read LAURA BUCKMAN/AFP/Getty Images)
A new Lockheed Martin F-35A Lightning ll multirole fighter jet parked in a hangar as it is presented to media at the Lockheed Martin factory in Fort Worth. (Photo by Orjan F. Ellingvag/Corbis via Getty Images)
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Considered a bellwether for the US defense sector, Lockheed Martin said net earnings in Q4 rose to $959 million compared to $817 million, in Q4 of 2015.
Sales in Lockheed Martin's aeronautics business, the company's largest segment, rose 23 percent to $5.41 billion, compared to the same period in 2015, thanks to an increase in F-35 sales.
Lockheed Martin CEO Marillyn Hewson, who spoke with Trump twice prior to his inauguration, said the F-35 is "absolutely unmatched" in capability during an earnings call on Tuesday.
"I mean, it's basically a game changer."
Marillyn Hewson, Lockheed Martin CEO
"It brings for our country, for our military as well as for our allies around the world an unmatched capability – absolutely unmatched. And recognizing that, his [Trump's] focus is on how do we drive that the cost down aggressively."
Adding that the meetings with Trump have been "very productive," Hewson noted that the defense giant has a lot of ideas on how to cut costs in the future.