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Air Force

Pentagon Issues Fifth F-35 Production Contract

Defense Daily Staff Defense Daily Staff
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The Pentagon on Friday issued a contract for Lockheed Martin [LMT] for the fifth low-rate initial-production (LRIP 5) contract for the construction of 30 F-35 Joint Strike Fighters. The Pentagon announced the $4 billion fixed-price incentive contract for a program under intense scrutiny because of cost overruns and delays. The contract calls for the production of 21 versions of the Air Force’s F-35A variant, six of the Navy’s F-35C version for aircraft carriers, and three of the Marine Corps F-35Bs.…

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