
The Defense Department and Lockheed Martin [LMT] have reached a handshake agreement for Lot 12 of the F-35 Joint Strike Fighter that allows for an $80 million F-35A to be delivered one year earlier than planned, company and department officials said June 10. The agreement, which remains to be finalized with the F-35 Joint Program Office, includes $34 billion for F-35 Low Rate Initial Production Lots 12-14, and would include 157 aircraft in Lot 12 and 478 F-35s overall, said…