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Pentagon Asks Lockheed Martin To Prepare Cost Estimates For Up To 20 More Raptors

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Monday, March 9th, 2009

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By Marina Malenic The Defense Department has asked Lockheed Martin [LMT] to prepare proposals for additional F-22 Raptor fighter jet production in fiscal year 2010, sources said last week. John Young, the outgoing Pentagon chief arms buyer, instructed Air Force Secretary Michael Donley in a March 3 memorandum to ask the company for two cost estimates by March 15, according to an industry source familiar with the document. The Pentagon wants one estimate for the production of four aircraft for…

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