Lockheed Martin's (LMT +0.3%) F-35 fighter, long beset with technical and budget issues, costs...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Lockheed Martin's (LMT +0.3%) F-35 fighter, long beset with technical and budget issues, costs 50% less to make now than five years ago and will be transformative for the aerospace industry, says the former Navy test pilot who manages the F-35 program. Additional cost-cutting should help ensure the program's success, he notes.