New production contract forces Lockheed, Pentagon to share in 'concurrency' retrofit costs
The Pentagon and Lockheed Martin have met two major milestones for the F-35 this year just under the wire—establishing a contract for the next production lot that targets an incremental cost decrease and laying the foundation to start training pilots in January. Both are major steps forward for the $400 billion Joint Strike Fighter program managed by Lockheed Martin. But both came only after months of wrangling. The two parties announced their agreement to reduce target pricing for ...
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