Lockheed F-35 Price Cut Seen, But Plane Still Pricey

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http://news.investors.com/business/091914-718162-f-35-price-cut-expected-but-plane-still-pricey.htm



Lockheed F-35 Price Cut Seen, But Plane Still Pricey
By GILLIAN RICH, INVESTOR'S BUSINESS DAILY
Posted 09/19/2014 11:19 AM ET

Lockheed Martin's (NYSE:LMT) F-35 may have gotten a bit cheaper, according to a report by Reuters.

The defense giant is near a 43-plane, $4 billion deal with the U.S. Defense Department that should bring the cost of the eighth batch of stealth fighters down 2%-4%.

The F-35 A-model airframe's cost will fall to $94 million-$96 million, vs. $98 million in the seventh production batch, under the low-rate initial production contract, sources told Reuters.

~snip~

Other plans to cut costs include offering "block buys" to the U.K., Australia, Italy and other countries with orders on the books.

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