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F-35’s Lot 12 Agreement Reached, With Options Available for Future Lots

Vivienne Machi By
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F-35’s Lot 12 Agreement Reached, With Options Available for Future Lots
A U.S. Air Force KC-10 Extender refuels an F-35A Lightning II above an undisclosed location, April 30, 2019. The KC-10 and its crew were tasked to support aerial refueling operations for the F-35A's first air interdiction during its inaugural deployment to the U.S. Air Forces Central Command's area of responsibility. (U.S. Air Force photo by Staff Sgt. Chris Drzazgowski)

The Defense Department and Lockheed Martin [LMT] have reached a handshake agreement for Lot 12 of the F-35 Joint Strike Fighter that allows for an $80 million F-35A to be delivered one year earlier than planned, company and department officials said June 10. The agreement, which remains to be finalized with the F-35 Joint Program Office, includes $34 billion for F-35 Low Rate Initial Production Lots 12-14, and would include 157 aircraft in Lot 12 and 478 F-35s overall, said…

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