Defense News: The Defense Department and Lockheed Martin reached a handshake agreement that will require the defense giant to invest about $70.6 million to fix an ongoing problem with F-35 spare parts, one that resulted in increased government labor costs, the department announced Sept. 29.
For the past few months, Lockheed and the Defense Contracts Management Agency have been locked in a dispute over more than 15,000 F-35 spare parts sent to the U.S. military with incorrect or incomplete “electronic equipment logs” or EELs, which allow the parts to be absorbed into the F-35′s logistics system and installed on the jet.
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