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Saturday, December 15, 2012

Pentagon, Lockheed finalize contract for fifth lot of F-35 fighters

F-35 Lightning II |The Defense Department said on Friday it has finalized a contract for the purchase of a fifth batch of radar-evading F-35 fighter aircraft from Lockheed Martin Corp., a deal worth $3.8 billion for 32 of the advanced planes.

The F-35 Joint Strike Fighter is the costliest weapons program in U.S. history.

The Pentagon will pay about $107 million apiece, or about 4 percent less than the previous contract, for each of the 22 conventional takeoff and landing jets in the deal, sources familiar with the agreement said this week.

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