Australian company Ferra Engineering is growing their export market through participation in the F-35 Joint Strike Fighter Program with potential for more than a billion dollars in contracts.
During a visit to Ferra today Minister for Defence Materiel, Dan Tehan, and the Member for Bonner, Ross Vasta, congratulated the company on being a leader in production of Joint Strike Fighter components.
“Ferra is the sole source supplier for the Joint Strike Fighter weapons adaptors. Every Joint Strike Fighter flying world-wide will have adaptors produced by Ferra,” Mr Vasta said.
“With an expected global fleet of around 3000 Joint Strike Fighters by 2035, this represents a potential contract value of over $1 billion over the life of this long term program”.
In addition to the weapons adaptors, Ferra is producing and supplying more than 100 other Joint Strike Fighter component parts for the Program.
“Australian industry success in the Joint Strike Fighter global supply chains reflects the intent of the recently released Defence Industry Policy Statement, particularly in regards to driving competitiveness and export potential.” Mr Tehan said.
The Joint Strike Fighter Program demands industry provides on-going quality and value to maintain their place in the global supply chain.
“This continuous demand for innovation, efficiency and value from industry results in positive capability and affordability outcomes for all global Joint Strike Fighter Partners including Australia,” Mr Tehan said.
Minister Tehan acknowledged the successful and increased participation of Australian industry overall on the global Joint Strike Fighter Program, particularly over the course of 2015.
“Australian companies have been successfully awarded $US 554.5 million worth of production and development contracts as at December last year. This figure represented an increase of almost 30% over the previous 12 months.”
Minister Tehan’s office: 0477 395 356
Defence Media: (02) 6127 1999