Tag: Pentagon


Lockheed Martin: Biggest-Ever F-35 Production Deal

The Pentagon and Lockheed Martin (LMT) tentatively agreed on the largest F-35 production contract to date, delivering a $13 billion boost to the defense contractor. The “handshake deal” reached on Sunday was for the 11th F-35 production lot, which includes 141 of the fifth-generation fighters. That’s up…

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Pentagon frustrated over pace of Lockheed Martin negotiations

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…

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$10.7B Set Aside in US Budget to buy F-35s

The U.S. Department of Defense plans to ask Congress for 77 F-35 aircraft made by aerospace giant Lockheed Martin Corp., the DoD said Monday. The order, part of the $686 billion President Trump allocated to the DoD in his fiscal year 2019 budget request, comes with a…

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