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Air Force

Pentagon Near Deals For Next Batches Of F-35 Aircraft, Engines

Pat Host

Thursday, February 11th, 2016

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Pentagon Near Deals For Next Batches Of F-35 Aircraft, Engines

Maintenance staff inspect one of the 10 Luke AFB F-35s sent to Nellis AFB for a training deployment, April 15, 2015. Photo: U.S. Air Force.

The Pentagon is finalizing a contract for its next batch of F-35 aircraft that could be worth nearly $15 billion.F-35 Program Executive Officer (PEO) Air Force Lt. Gen. Christopher Bogdan told reporters Wednesday the Defense Department was finishing up negotiations with F-35 aircraft prime contractor Lockheed Martin [LMT] on low-rate initial production (LRIP) 9 and LRIP 10 and that it should feature a lot-to-lot unit price reduction in the range of 3 to 4 percent per aircraft. Pentagon spokesman Joe…

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