Reuters: The Department of Defense and Lockheed Martin Corp (LMT.N) announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon's most expensive program.
The deal for the tenth lot of the stealthy fighter aircraft brings the price per jet to below $95 million for the first time, compared to $102 million in the previous batch, a savings of $728 million.
This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as "out of control" in December.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now