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A LOCKHEED MARTIN F-35 FIRES A SIDEWINDER MISSILE WHILE FLYING INVERTED.

Pentagon frustrated over pace of Lockheed Martin negotiations

by Lou Whiteman, The Motley Fool

Pentagon officials are growing frustrated with the pace of negotiations with Lockheed Martin(NYSE:LMT) over the next batch of F-35 joint strike fighters, highlighting the delicate balance between the contractor’s desire to maximize its profit on the fighter and the government’s push to bring down costs as much as possible.

On Feb. 28, Vice Adm. Mat Winter, the program executive officer of the F-35 Joint Program Office according to Defense News told reporters Lockheed “could be much more cooperative and more collaborative, and we could seal this deal faster,” but said instead the company “choose not to” as a “negotiating tactic.”

Winter had originally hoped to have a deal in place for 130 fighters, known as Lot 11, by last October, later pushing that goal back to year’s end.

Read more at The Motley Fool

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