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Air Force

Lockheed Martin Targets $80 Million Price Tag For F-35 By LRIP 14

By Cal Biesecker

Monday, July 16th, 2018

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Lockheed Martin Targets $80 Million Price Tag For F-35 By LRIP 14

The F-35 Joint Strike Fighter. Photo by Lockheed Martin.

FARNBOROUGH INTERNATIONAL AIRSHOW--Lockheed Martin [LMT] has reached a “handshake” agreement on the low-rate initial product lot 11 (LRIP 11) contract for the F-35, according to a program update provided by a company executive on Monday at the Farnborough International Air Show.The company will not confirm specifics of the new deal until the agreement is finalized.According to Greg Ulmer, vice president and general manager of the F-35 program for Lockheed Martin, a total of 309 F-35s have been delivered to date.…

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