The United States is reportedly eyeing to sign a $34 Billion mega deal with Lockheed Martin for 478 F-35 Lightning II stealth fighters each costing $81.35 million, down from the original $89.2 million, with the manufacturer waiving the price of each aircraft by 8.8 percent.
According to the company, the deal is in a preliminary stage, and a final deal is expected to be sealed in August for the 12th batch of jets. The preliminary agreement details the first year, and lays out agreed upon options for two additional years, because the official purchases cannot be made until the US Congress approves an annual budget for those years.
Under the options covering the second and third years of the purchase, the price of each jet will drop below $80 million. During later years, production would be around 160 jets per year.
The Joint Program Office and Lockheed Martin are negotiating on the final details of the contract, which would cover aircraft delivered to the USA, as well as development partners in the Joint Strike Fighter programme and Foreign Military Sales customers.
"I am proud to state that this agreement has achieved an estimated 8.8% savings from Lot 11 to Lot 12 F-35A’s, and an estimated average of 15%” reduction across all variants from Lot 11 to Lot 14," Under Secretary of Defense Ellen Lord said Monday.
"This framework estimates the delivery of an F-35A for less than $80 million in Lot 13, one year earlier than planned," he added.
Lockheed Martin has been awarded a $1,808,545,655 contract for continued design maturation and development of Block 4 capabilities in support of the F-35 Lightning II Phase 2.3 Pre-Modernization for the United States Air Force, Navy, Marine Corps; and foreign customers
Lockheed Martin has won a $12.8 million Foreign Military Sales contract to provide refurbishment support services for United kingdoms AH-64 Apache attack helicopter
Lockheed Martin Rotary and Mission Systems is awarded a $63,102,113 contract modification in support of the continued development, integration, and production of the United States Navys AN/SQQ-89A(V)15 Surface Ship Undersea Warfare (USW) system. The AN/SQQ-89A(V)15 is the USW combat system with the capabilities to search, detect, classify, localize and track undersea contacts, and to engage and evade submarines, mine-like small objects and torpedo threats
BAE Systems plant in Samlesbury, Lancashire today delivered the 500th aft fuselage of the F-35 Lightning II Stealth fighter jet. The facility produces the aft fuselage, horizontal and vertical tails of the jet which is operated by both the US Air Force and the Royal Air Force
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