TYSONS CORNER, VA, Feb. 7, 2017 — The Defense Department and Lockheed Martin (NYSE: LMT) have completed negotiations on an $8.5 billion contract for the production of 90 lot 10 F-35 fighter jets, GovCon Wire reported Monday.
Reuters reported Friday the contract lowers the price per aircraft from $102 million to $95 million, amounting to a $728 million reduction in costs compared to the previous batch of F-35s.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com
Contact:
David Smith
(703) 226-7002
[email protected]
