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Air Force

Pentagon, Lockheed Martin Reach Terms On F-35 Contract

Defense Daily Staff Defense Daily Staff
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The Pentagon and Lockheed Martin [LMT] have reached an agreement “in principle” for the manufacturing of the fifth batch of F-35 Joint Strike Fighters in low-rate initial production, the Department of Defense said in a statement Friday. The agreement for 32 F-35s would end more than a year of contentious negotiations between the Pentagon and its prime contractor for the fifth generation multi-role aircraft. “It’s been a long journey, but I’m pleased we’ve achieved an agreement that is beneficial to…

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