05:38 GMT +316 June 2019
Listen Live
    F-35

    US, Lockheed Martin Reach 'Handshake' Deal to Cut F-35 Cost by Nearly 9 Percent - Pentagon

    CC0
    Military & Intelligence
    Get short URL
    4012

    WASHINGTON (Sputnik) - The US Defence Department and Lockheed Martin reached an agreement to reduce the cost of a single F-35 Joint Strike Fighter by almost nine percent to less than $80 million per aircraft, US Under Secretary for Defence and Acquisition and Sustainment Ellen Lord said in a statement.

    "I am proud to state that this agreement has achieved an estimated 8.8 percent savings from Lot 11 to Lot 12 F-35As," Lord said in a statement as quoted by the Washington Examiner on Monday. "This framework estimates the delivery of an F-35A for less than $80 million in Lot 13, one year earlier than planned."

    The $34 billion package will cover up to 478 aircraft, the report added.

    READ MORE: Turkish Pilots Grounded From F-35 Training in Arizona - Report

    Earlier this year, the Project on Government Oversight watchdog complained that the US Navy's F-35 fleet was nowhere near normal operational status, saying the planes were unprepared "to face current or future threats" and potentially dangerous for the personnel operating them.

    Related:

    Pentagon Deploys F-35 Stealth Fighters to Italian Airbase
    United Technologies Wins $3.2Bln to Deliver 233 More F-35 Propulsion Systems
    US Will Use ‘Older’ F-35s to Simulate Russia’s Su-57, China’s J-20 – Report
    Stealth Fighter Autopsy: Japanese Military Reveals What Caused F-35 Crash
    Tags:
    fighter, F-35, Pentagon, US Defense Department
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik