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Thursday, December 13, 2012

Pentagon cuts cost of F-35 fighters by 4 percent

F-35 Lightning II |The Pentagon will pay about 4 percent less for each new Lockheed Martin Corp F-35A fighter jet when it signs a deal worth $3.8 billion with the No. 1 U.S. defense contractor on Friday, according to sources familiar with the deal.

Each of the 22 conventional takeoff and landing jets in the fifth production contract will cost around $107 million, excluding the engine, said the sources, who were not authorized to speak publicly.

That compares to a price of $111.6 million for the F-35As to be used by the Air Force that were included in the fourth contract with Lockheed.

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