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Air Force

Lockheed Martin, DoD Reach Nearly $9 Billion F-35 LRIP 10 Deal

Pat Host

Friday, February 3rd, 2017

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Lockheed Martin, DoD Reach Nearly $9 Billion F-35 LRIP 10 Deal

The first two combat-coded F-35A Lightning II aircraft arrive at Hill Air Force Base, Utah, Sept. 2, 2015. Photo: Air Force.

The Pentagon and Lockheed Martin [LMT] on Friday reached a deal on a new batch of F-35s that totals roughly $9 billion.The total low rate initial production (LRIP) lot 10 deal includes 90 aircraft—55 jets for the United States and 35 jets for international partners and foreign military sale (FMS) customers, according to a Defense Department statement. DoD said LRIP 10 unit costs were $94.6 million for the Air Force’s F-35A; $122.8 million for the Marine Corps’ F-35B short takeoff…

Congress

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Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

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Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

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