F35 Low Rate Initial Production (LRIP) 10 Contract

Sounds like the LRIP 10 contract is around the corner now per Lockheed's earnings call:
https://www.flightglobal.com/news/a...close-to-signing-next-f-35-production-433479/

This should take some of the sting away from the argument around the per unit cost of the jet.

More importantly, represents a ramp up in F35 production (90 planes vs almost half previously in the contract).

Should also result in a 2017 CY production rate of 66 planes (previously 46).

Lockheed's 1800 staff count increase compares with our capital expansion and new hiring plans in Bankstown, story coming together in my view.

More planes, more Carbon Fiber skins, fairings, vertical tails and surfaces.

If our assumed F35 revenue can be assumed directly proportional to the rate of production, our F35 revenue should start moving from ~$45m to $65m around 2H 2017.

Add to that all the other things coming into rate production in CY17-18, (Micro X, Futuris, Thales) and the opportunity here starts to become impossible to miss for those paying attention.

I cant see the buying opportunity at ~$0.10 lasting much longer if LRIP-10 is awarded.