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Thursday, March 26, 2015

Uncertain Future For Boeing’s Fighter Jets

RSAF F-15 EagleThe global fighter jets market comprises a limited number of customers but a wide variety of models and makes of fighter jets, making it a highly competitive market to thrive in.

In 2009, Lockheed Martin and Boeing comprised 31% and 24% respectively of the global fighter jets market. However, with the development of Lockheed Martin’s F-35 fighter jet the competitive environment in the market has been seeing a shift.

The F-35 has been garnering great support from the U.S. and other partner countries. It is now anticipated that moving forward Lockheed Martin will control over 50% of the market share, bringing Boeing’s market share down to 10%.

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