Pentagon Official Says 'Handshake' Deal Will Lower the Cost of F-35s -Reuters

Date : 06/10/2019 @ 9:04PM
Source : Dow Jones News
Stock : Lockheed Martin Corp. (LMT)
Quote : 358.47  0.0 (0.00%) @ 1:00AM

Pentagon Official Says 'Handshake' Deal Will Lower the Cost of F-35s -Reuters

Lockheed Martin (NYSE:LMT)
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--A Pentagon official said a "handshake" agreement with Lockheed Martin Co. (LMT) will cut the per jet price on the latest order of F-35A fighters, Reuters reports Monday.

--Under Secretary of Defense Ellen Lord said the agreement will lower the cost of each aircraft to $81.35 million, the report said.

--The price of the jets will drop below $80 million in subsequent years, the report said.

 

Full story: https://www.reuters.com/article/us-usa-defense-f35/pentagon-gets-8-8-discount-in-34-billion-f-35-jet-deal-idUSKCN1TB27T?il=0

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

June 10, 2019 15:49 ET (19:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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