Biggest F35 contractors agree to major cost cuts

Lockheed Martin (LMT), BAE Systems (BAESF.PK), Northrop Grumman (NOC) and engine builder Pratt & Whitney (UTX) have agreed to huge cuts in the average cost of the F35 Joint Strike Fighter jet by 2019.

The head of the program, Lt. Gen. Chris Bogdan, is confident that despite concerns about the plane's software and defective parts, it is on track to enter service in 2015.

As expected, Holland said yesterday that it will buy 37 F35s and it provided a small indication that Belgium could evaluate the planes as well.

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Comments (1)
  • frogola
    , contributor
    Comments (105) | Send Message
    think X47B should be big contracts coming. higher speed, more ordnance and longer rang then competitors
    18 Sep 2013, 04:40 PM Reply Like
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