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Lockheed Martin [LMT] and the Defense Department have agreed on a new $11.5 billion contract that drops the price of an F-35A below $90 million for the first time.The new contract, which covers 141 F-35s and will go into effect in 2019 with low-rate initial production (LRIP) Lot 11, represents an average price reduction of 9.2 percent across the joint strike fighter's three variants.Under the new pricing structure, a conventional-takeoff-and-landing F-35A will cost $89.2 million, down 5.4 percent from the $94.3 million one cost in LRIP…
