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Pentagon

New F-35 Deal Lowers Aircraft Price 12.7 Percent Each

Rich Abott By
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New F-35 Deal Lowers Aircraft Price 12.7 Percent Each
Lockheed Martin-built F-35. (Photo: Lockheed Martin)

The Defense Department said it has finished a new $34 billion deal with Lockheed Martin [LMT] to buy 478 F-35 Joint Strike Fighters for the U.S. and international customers, reducing the price per aircraft by an average of 12.7 percent by Lot 14. This deal covers low-rate initial production F-35s, particularly 149 in Lots 12, 160 in Lot 13, and 169 in Lot 14. It also amounts to 351 F-35As, 86 F-35Bs, and 41 F-35Cs. This includes both the U.S. services…

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