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Wednesday, December 14, 2011

Lockheed in US$4 billion US F-35 fighter deal

F-35 Lightning IILockheed Martin is being awarded a US$4 billion fixed-price U.S. Navy contract for 30 F-35 Joint Strike Fighter aircraft, the fifth batch of low-rate initial production (LRIP), the Defence Department said.

The deal, announced on Friday, would provide 21 conventional models for the Air Force, six carrier variants for the Navy and three short-takeoff and vertical landing versions for the Marine Corps, a notice in the Pentagon's daily contract digest said.

Details of the deal have not been worked out, said Michael Rein, a company spokesman, referring to the government announcement as an "undefinitized contract action" subject to further negotiation.

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