The Pentagon and Lockheed Martin [LMT] have reached a $4.7 billion agreement for the production of 43 F-35 Joint Strike Fighters for the U.S. military and foreign nations, the program office said Friday. The contract marks the eighth low-rate initial-production batch of the stealth fighter jets and reflects an average 3.5 percent reduction for each aircraft compared to the previous production run, the JSF Joint Program Office said. All three variants are being purchased under the low-rate initial-production contract, including…
