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The F-35 is definitely a multi-role aircraft for the future...
It might not be able to 100% fill all the roles of the a/c it is replacing/augmenting ... but it will damn sure deliver on quite a number of fronts. If you get away from just the bad ass gun the A-10 carries the F-35 does all that and then some. In today's and more importantly tomorrow's net centric warfare, on the fly tasking, data-link using pilots the F-35 will do what many current a/c can't do. That being said there is a time and place for an A-10 strafing role...and this a/c won't fill that gap 100%. Keep a few squadron's of A-10s because the ground troops love them...and they matter the most when the shit hits the fan.
Air Force to Congress: "OK, You Win. We'll Keep the A10 Warthog"
Quote:
It's official: The U.S. Air Force is keeping its fleet of A-10 Warthog fighter-bombers -- at least until 2022.
In a statement on Feb. 2 describing the Pentagon's contribution to President Obama's 2017 budget request, Secretary of Defense Ashton Carter confirmed Pentagon plans to "maintain more of our 4th-generation fighter and attack jets than we previously planned -- including the A-10, which has been devastating ISIL from the air. The budget defers the A-10's final retirement until 2022."
Granted, between now and then, the Air Force still plans to retire and replace A-10s with newer F-35 stealth fighter jets "on a squadron-by-squadron basis." Still, it seems the worst that A-10 backers have to fear is a gradual retirement of the plane, as opposed to withdrawing the aircraft from the fleet en masse.
2022... or later?
It's even possible the 2022 deadline won't see the end of the A-10. Rep. Martha McSally from Arizona, a retired Air Force A-10 pilot, praised the Air Force's decision: "With A-10s deployed in the Middle East to fight ISIS, in Europe to deter Russian aggression, and along the Korean peninsula, administration officials can no longer deny how invaluable these planes are to our arsenal and military capabilities."
McSally later doubled down on her endorsement of the A-10, insisting: "The U.S. Air Force needs a next-generation A-10 before attempting to mothball any further A-10s" (emphasis added). That suggests the A-10's retirement could be postponed indefinitely.
So what does all this mean for investors?
Wave goodbye to $4 billion worth of F-35s?
Military math
The numbers have shifted over the years, but at last report, the Air Force was saying retiring the A-10 could save it as much as $4 billion in operations and maintenance costs over five years. That's enough money to buy perhaps three dozen or more shiny new Lockheed Martin(NYSE: LMT) F-35A fighter jets.
If not spent on F-35s, these billions of dollars should flow instead to Northrop Grumman(NYSE: NOC), which is the prime contractor for A-10 maintenance work, and Boeing(NYSE: BA), which has a multimillion-dollar contract to upgrade wings on the A-10 fleet. Northrop and Boeing, accordingly, should be pretty pleased with the Pentagon's decision.
Conversely, earmarking these funds for the A-10 means less money available for F-35 purchases. That would suggest that the pace of F-35 buying could slow, which is certainly not good news for Lockheed Martin -- and not just Lockheed Martin. Already, United Technologies(NYSE: UTX) has delivered 100 more F-35 jet engines than Lockheed Martin has delivered actual F-35s. A reduction in the pace of F-35 procurement could throw the engine-to-plane ratio even further out of whack, and threaten to slow the rate at which United Technologies is asked to produce (and be paid for) engines for the F-35.
Another possible knock-on effect: Perhaps the most important line about the F-35 is the one SecDef Carter uttered last week, when he said the Pentagon plans to "maintain more of our 4th generation fighter and attack jets." That statement goes beyond just the A-10. It suggests a Pentagon commitment to keeping (and perhaps even buying?) more of Boeing's F-15s and F/A-18s, instead of buying new F-35s from Lockheed Martin.
True, "4th generation" could also refer to Lockheed Martin's own F-16. So a move to spend more on fourth-generation aircraft, and less on fifth-generation birds, wouldn't be an absolute disaster for Lockheed. But with a hand in upgrading the A-10, and no fewer than two sets of fourth-generation fighter jets ready to fill the gap if fewer F-35s are produced, the clearest beneficiary of any military move to keep fourth-generation fighters flying is Boeing.
US doesn't lose because of the pilots, or the aircraft. They only lose when the politicians get involved and start micro-managing $h!t and applying "ROE" that cripples our forces. Fighting to a draw is not fighting. It's losing, appeasing, etc. etc.
Case in point...our capitulator-in-chief actually determined that NASA, yes, NASA, should be involved in muslim outreach. And, no, spell-checker, I won't capitalize muslim.
^-- This is true in our current style of small non direct fights. What foxtrot is pointint out is the worrying scenario is if we ever had a big drag out fight with any of the other big powers. If you take 5 F-35 up vs 20-25 other fighters. I don't think it ends well. Even if they could splash 2 a piece from a standoff distance much further than the others could. Unless in the scenario you are always able to get a few then run away without getting into real engagement, still going to get overwhelmed.
I don't think the differences in the F-35 can provide the kind of lopsided battle you had decades ago with technologically advanced at the time Abrams vs pseudo Antique Iraqi T-xx's.
I can't wait to see the Bernie supporters bitching about how many free degrees this could have funded.
No flight lead would ever take 5 aircraft against that many aggressors. Sure, another country may be able to have more of a lesser jet for what one F-35 costs but they aren't going to put them up at the same time. The US has the two largest Air Forces in the world and their flight crews get more than 100 hours a year with the sticks.