The US Defense Department has agreed with Lockheed Martin to build about 375 F-35 fighter jets over three years.


This article by Mike Stone, writing for Reuters, makes the following points:
  • The ‘handshake’ deal is a starting point for finalizing contract pricing and will not be locked in for several weeks, if not months.
  • However, the deal is believed to be worth about $30 billion.
  • The first F-35A cost $221 million when it came off the production line in 2007.
  • Since then, various factors have helped the price of the fighter fall to $79 million each.
  • A spokesman from the F-35 US Joint Program Office said the F-35 was one of the most lethal and interoperable capabilities in the Defense Department’s inventory.


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