DTN News - DEFENSE NEWS: Principle Agreement Reached On Two Lower Cost F-35 Contracts

DTN News - DEFENSE NEWS: Principle Agreement Reached On Two Lower Cost F-35 Contracts

(NSI News Source Info) TORONTO, Canada - August 3, 2013: The U.S. Department of Defense and Lockheed Martin reached an agreement in principle for the next two F-35 Lightning II aircraft production contracts (Low-Rate Initial Production (LRIP) lots 6 and 7), which is expected to include 71 stealth fighter aircraft and continue a reduction in F-35 aircraft pricing. The contracting effort spanned six months from proposal to settlement.

A decrease in F-35 LRIP 6-7 unit costs, coupled with negotiating lower prices on a number of other smaller contracts, will allow the Department to purchase all the aircraft originally planned, including those that were in jeopardy of being cut due to sequestration budget impacts.

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http://defense-technologynews.blogspot.ca/2013/08/dtn-news-defense-news-principle.html