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    Lockheed Martin to Get $137Mln to Cut Costs of F-35 Fighter Jet

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    The Department of Defense said that US global defense corporation Lockheed Martin won more than $138 million to cut the costs of the F-35 Joint Strike Fighter.

    WASHINGTON (Sputnik) – US global defense corporation Lockheed Martin won more than $138 million to cut the costs of the F-35 Joint Strike Fighter, the Department of Defense said in a press release.

    "Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $137,834,819… [contract] to provide additional funding for affordability-based cost reduction initiatives in support of low-rate initial production Lot 9 F-35 Lightening II Joint Strike Fighter," the release said Friday.

    The new contract modification combines work on F-35 purchases for the US Air Force, Marine Corps and Navy, the Defense Department noted.

    The Pentagon has presented the F-35 as the most advanced multirole fighter in its arsenal, but the most expensive piece of military equipment ever made has been plagued by delays, ever-increasing costs, as well as maintenance and reliability issues.

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    F-35, Pentagon, Lockheed Martin, United States
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