DTN News - DEFENSE NEWS: US DoD Has Awarded Contracts To Lockheed Martin For F-35 JSF Aircrafts

DTN News - DEFENSE NEWS: US DoD Has Awarded Contracts To Lockheed Martin For F-35 JSF Aircrafts

(NSI News Source Info) TORONTO, Canada - September 28, 2013: The U.S. Department of Defense and Lockheed Martin signed two F-35 contracts today, valued at $7.8 billion, for a total of 71 F-35 Lightning II aircraft to be produced in the sixth and seventh Low-Rate Initial Production (LRIP) lots. These agreements are a significant milestone for the F-35 Program, and reflect cost reduction initiatives shared by government and industry.

The LRIP 6 contract, valued at $4.4 billion ($3.7 billion awarded through a December 2012 undefinitized contract action; ref: N00019-11-C-0083, and $0.7 billion awarded through today’s contract) funds production of 36 aircraft, with average aircraft unit cost approximately 2.5 percent lower than LRIP 5 aircraft. LRIP 6 per variant unit prices (not including engine cost) follow:

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