Lockheed Martin will likely quote a price for the fourth production lot of F-35 strike fighters that is “about 20 percent below” the estimate developed by the Pentagon’s cost assessment and program evaluation group, company CEO Bob Stevens told reporters in Arlington, Va., June 17, 2010. Stevens said Lockheed is so confident that it can meet the target that it "will likely take a fixed-price incentive-type contract for Lot 4.” Accepting a fixed-price incentive fee deal at this point would be two years earlier than the previous plan, he said. Lot 4 is expected to be for 32 F-35s. Here, AF-1 and AF-2, two F-35A test aircraft, fly alongside one another.
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