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Lockheed Martin Touts Reduced F-35 Unit Cost In New Buys

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Lockheed Martin Touts Reduced F-35 Unit Cost In New Buys

Lockheed Martin [LMT] said yesterday it reached an agreement in principle with the Defense Department on a new batch of 71 F-35 Joint Strike Fighters, Lots 6 and 7, with unit prices for the new buys between four to eight percent less than previous contracts. Lockheed Martin said in a statement cost details will be released once both contracts are finalized, but the company said low-rate initial production (LRIP) Lot 6 unit prices are roughly four percent lower than the…

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