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Air Force

Negotiations on Consideration Package for F-35 Sustainment Contracts Expected to End Soon

Frank Wolfe

Thursday, September 17th, 2020

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Negotiations on Consideration Package for F-35 Sustainment Contracts Expected to End Soon

US Air Force insignia on an aging jet plane.

The Defense Contract Management Agency (DCMA) and Lockheed Martin [LMT] are expected to finish negotiations on a consideration package that may reduce future contract payments to the company for sustainment of the F-35 Lighting II fighter by $183 million to $303 million. "DCMA and Lockheed Martin are still negotiating the consideration with respect to the Electronic Equipment Log [EEL] issues on Ready-for-Issue [RFI] parts," Mark Woodbury, a DCMA spokesman, wrote in a Sept. 17 email. "There is no legal or…

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