January 20, 2017 Comments Off on Lockheed Martin Close to $9B F-35 Deal with Pentagon Views: 407 Maryland, National News, Northeast, Texas News

Lockheed Martin Close to $9B F-35 Deal with Pentagon

Bethesda, MD-based Lockheed Martin is reportedly close to wrapping up negotiations with the U.S. Dept. of Defense on a nearly $9-billion contract for another 90 stealth fighter jets. The deal, involving the 10th batch of F-35 supersonic warplanes, is expected to be completed by the end of the month.

The F-35 fighter fleet is the Pentagon’s costliest arms program, and future plans include spending $391 billion developing and buying 2,443 more of the jets. For the first time, the cost per plane has been reduced to under $100 million, through supply chain efficiency efforts in the Fort Worth, TX production line.

That may help the prime contractor of the F-35 program curry favor with the new Trump administration, which wants to see lower costs for military equipment.

Read more at Reuters

Connect With Lockheed Martin

For comments, questions or concerns, please contact Dennis Kaiser

Comments are closed.