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Stevens: F-35 Lot IV Contact Negotiations Weeks Away From Finishing

DDN

Wednesday, July 28th, 2010

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By Calvin Biesecker Contract negotiations between Lockheed Martin [LMT] and the Defense Department for the fourth low-rate production lot of F-35 Joint Strike Fighters should be finalized in weeks, possibly just a "couple of weeks," Lockheed Martin Chairman and CEO Bob Stevens said yesterday. While the production awards have typically occurred in the spring, Stevens said the fact that the contract is transitioning to a fixed-price, incentive-fee type award away from cost-plus has generated more discussion from both his company…

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