The Pentagon and Lockheed Martin have agreed to a handshake deal for the latest two lots of F-35 airframes, and based on cost projections the program for the first time is targeting a unit price under $100 million, excluding engines and retrofits. The deal covers 36 aircraft in low-rate, initial production (LRIP) lot 6 and another 35 in LRIP 7. Mandatory cuts handed down by sequestration in the fiscal 2013 budget did not ultimately affect the number of aircraft in LRIP 6, as once ...

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