BOEING IS PITCHING AN ADVANCED SUPER HORNET AS AN ALTERNATIVE TO LOCKHEED'S F-35. IMAGE SOURCE: BOEING.
Motley Fool: Boeing Plots Full-Scale Assault on Lockheed Martin's F-35
Billions of dollars of fighter jet profits are at stake.
President Donald Trump loves Lockheed Martin's "fantastic new F-35 jet fighter" -- at least now that Lockheed Martin has cut its price on the F-35, he does. That said, last we heard, the president still wanted Boeing to price out a "comparable F-18 Super Hornet" so that he can comparison-shop.
And Boeing is only too happy to do that.
In recent weeks, word has been filtering out of a new "white paper" being circulated around Washington, D.C., which touts Boeing's F/A-18 Super Hornet as a better value proposition than Lockheed's F-35 -- and makes the case for the U.S. Navy to buy more of the former and less of the latter.
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WNU Editor: I love Boeing's approach to the Pentagon on this sale ....
.... by switching out 200 purchases of F-35s for 200 purchases of Advanced Super Hornets, Boeing says the Navy could save about $8.6 billion. What's more, Boeing also says its Advanced Super Hornet would be easier to maintain. Factoring savings from operations and maintenance costs into the equation adds up to "about $30 billion" saved over 20 years.
That's enough to buy the Navy two brand-new Ford-class supercarriers with the savings -- which is a proposition attractive enough that it might persuade the Navy to give Boeing's proposal a listen.
Here is an easy prediction .... Boeing will be given a chance to make their case.