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.
Daily Report: Read the day's top news on the US Air Force, airpower, and national security issues.
Daily Report: Read the top news on the US Air Force, airpower, and national security issues.
An F-35A Lightning II assigned to Hill AFB, Utah,
conducts a training flight with F-16 Fighting Falcons assigned to Kunsan
AB, Republic of Korea, over the city of Gunsan, on Dec. 1, 2017,
in preparation for Vigilant Ace 18.
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