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Budget

DoD, Lockheed Martin Finalize $7.8 Billion In F-35 Contracts

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The Defense Department and Lockheed Martin [LMT] Friday finalized two F-35 contracts worth $7.8 billion for a total of 71 jets to be produced in the sixth and seventh low-rate initial production (LRIP) lots, according to a Pentagon statement. The LRIP 6 contract, valued at $4.4 billion, funds production of 36 aircraft. Unit prices for the LRIP 6 contract, not including engines, are $103 million per jet for 23 conventional F-35As, $109 million per jet for six short takeoff and…

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