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October 03, 2012

Report: U.S. and Lockheed negotiations on F-35 buy down to $100 million

Reuters reports that senior Pentagon officials and Lockheed Martin executives are trying to hammer out a firm contract price for Lot 5 of F-35 low-rate production aircraft, which are already far along in the production cycle. Negotiations have been under way since late last year, with the U.S. pressing Lockheed hard to lower its costs.

Sources, Reuters said, say the two sides have closed the gap to about $100 million. The Pentagon has already committed more than $4 billion towards the 30 plane order.

- Bob Cox

 

 

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