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DoD’s Lord Says Next F-35 Lot Contract Expected to Be Awarded By July

Vivienne Machi By
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DoD’s Lord Says Next F-35 Lot Contract Expected to Be Awarded By July
An F-35 Lightning II streaks across the sky while doing maneuvers to the Eglin Air Force Base runway. The 33rd Fighter Wing-owned aircraft is a fifth-generation fighter and used to train pilots and maintainers. (U.S. Air Force photo/Samuel King Jr.)

The Defense Department and Lockheed Martin [LMT] are continuing negotiations for Lot 12 of the F-35 Joint Strike Fighter, with plans to award a contract within the next two months, the department’s chief weapons buyer said May 10. “What we see is Lockheed continuing to work closely with the department to really understand the cost drivers in the production line,” said Undersecretary of Defense for Acquisition and Sustainment Ellen Lord during a Friday media briefing at the Pentagon. “We are…

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