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Lockheed Martin has been awarded additional a $4,123 million contract, as a modification to the F-35 program, for the production of 43 F-35s under the eighth Low Rate Initial Production (LRIP Lot VIII) lot of the F-35 Lightning II aircraft. The Pentagon claimed the cost of the current lot reflects a reduction of 3.6 percent over LRIP VII. More reductions will come into effect in the next batch of production.
The U.S. Department of Defense and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II joint strike fighter (JSF) aircraft. The buy includes 19 F-35As for the Air Force, six F-35Bs for the Marines and four F-35Cs for the Navy. Additional aircraft included are 10 F-35As for Israel (2), Japan (4), Norway (2)and Italy (2) as well as four F-35Bs for the UK.
The three leading industry partners in the F-35 industry team have signed an agreement with the DOD to bring down the procurement cost of the F-35 Joint Strike Fighter (JSF) to the equivalent of today's 4th generation fighters by the turn of the decade