
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…