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Thursday, March 03, 2011

Pentagon wants price cut on next F-35 contract

F-35 Lightning IIThe U.S. Defense Department said on Tuesday it wants further price cuts when it negotiates the next contract to buy F-35 fighter jets from Lockheed Martin Corp.

Major General C.D. Moore, the No. 2 official running the $382 billion weapons program, said he was looking forward to a productive year of testing, training and production after a second major restructuring of the program in a year.

He said the Pentagon would also continue to press Lockheed to lower the cost of building the new radar-evading fighter jets, starting with talks about a fifth batch of production jets due to get under way soon.

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