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Tag: $11.5B

Price for F-35 drops to lowest level yet with $11.5B contract

Price for F-35 drops to lowest level yet with $11.5B contract

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Sept. 28 (UPI) -- With an $ 11.5 billion agreement for the next round of F-35 Lightning II Joint Strike Fighter production, Lockheed Martin says the cost for all three variants of the aircraft have reached their lowest levels in the history of the program. The Department of Defense and Lockheed Martin on Friday announced the contract for Low-Rate Initial Production Lot 11, which covers a total of 141 of the aircraft -- 91 for the U.S. military, 28 for F-35 international partners and 22 for foreign military sales customers -- with deliveries expected to start next year. The individual costs for the three U.S. military variants -- $ 89.2 million per F-35A for the Air Force, $ 115.5 million per F-35B for the Marine Corps and $ 107.7 million per F-35C for the Navy -- have declined by 5.4 perc...