Lockheed agrees to cut price for new F | f40 fighter
WASHINGTON(Reuters)-ThePentagonandannouncedonFridayan$11.5billioncontractfor141F-35fighterjetsfromLockheedMartinCorpLMT.N[1],thebiggestbatchyet,loweringthepriceforthemostcommonversionofthestealthyjetby5.4percentto$89.2million.ApreliminarydealwasstruckinJuly,andreportedfirstbyReuters,clearingthewayforalargermulti-yearpurchasethataimstobringthecostperjetdownto$80millionby2020.MostofthejetsarefortheU.S.military,andothersareforanumberofalliedcountries.Reducingthecostoftheworld’smostexpensivedefe...
WASHINGTON (Reuters) - The Pentagon and announced on Friday an $11.5 billion contract for 141 F-35 fighter jets from Lockheed Martin Corp LMT.N[1], the biggest batch yet, lowering the price for the most common version of the stealthy jet by 5.4 percent to $89.2 million.
A preliminary deal was struck in July, and reported first by Reuters, clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020. Most of the jets are for the U.S. military, and others are for a number of allied countries.
Reducing the cost of the world’s most expensive defense program is crucial to securing orders in the United States and more from abroad. Lockheed is the No. 1 U.S. defense contractor.
“Driving down cos...