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Terma and BAE Systems sign F-35 Long-Term Price Agreement

2018-07-17:

The agreement covers the manufacture of Large Composite Skins for the Horizontal and Vertical Tail on all variants of the F-35.

Farnborough UK - Today, Terma and BAE Systems signed a long-term price agreement for the manufacture of composite skins for all three variants of the F-35. The agreement is a continuation of a long-term agreement signed in 2013 covering the manufacture of Large Composite Skins for the Horizontal and Vertical Tail on all variants of the F-35.

bae_464The agreement between BAE Systems and Terma was signed by Paul Burns, F-35 Global Procurement & Supply Chain Director at BAE Systems (left) and Jens Maaløe, President and CEO, Terma

The actual agreement includes the latest F-35 LRIP 12-14 program of record.

Terma has been collaborating with BAE Systems on the F-35 program since 2006 when the two companies signed a Letter of Intent for future partnership. In 2009, a contract was signed for the delivery of composite manufactured parts for the F-35.

Jens Maaløe, President & CEO, Terma, said: “This new signing further confirms Terma’s strong position on the F-35 program and shows how collaboration can benefit Terma, BAE Systems, and the F-35 program as a whole. Through a major investment program over the past three years, Terma today offers one of Europe’s most advanced and high-tech production facilities for the development and manufacture of composite parts for the aircraft industry.” 

Andrea Thompson, Senior Vice President - US Programmes, BAE Systems, commented: “We are delighted to sign this agreement with Terma which underpins our strong relationship and collaborative approach towards the F-35 program. Agreements such as this are a positive step towards achieving affordability targets across the program.”

In 2016, the Danish Government announced Denmark’s decision to acquire 27 F-35As as the future fighter aircraft as a replacement for the ageing F-16s.

Terma currently maintains eight different production programs within advanced composite and machined structural parts plus electronic components on the F-35. Terma has been involved in the program since 2002 when Denmark joined the F-35 program as a partner country.

About BAE Systems
At BAE Systems, we serve the needs of our customers by delivering a wide range of advanced defence, aerospace, and security solutions that provide a technological and performance edge. We work together with local partners to develop, engineer, manufacture and support the innovations that sustain economies, increase defence sovereignty, and safeguard commercial interests. With some 88,000 employees in six continents, our story is about talented people who are relentlessly committed to creating solutions that protect and strengthen nations. That’s work that inspires us. That’s BAE Systems.

BAE press contact
James Taylor, BAE Systems
Mob: +44 (0) 7775 826265
Email: james.taylor23@baesystems.com

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