Potential $10B Lockheed F-35 Japan Sale In The Works; Dave Scott Comments

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The U.S. Defense Security Cooperation Agency is exploring a potential $10 billion foreign military sale with Japan for Lockheed Martin’s (NYSE: LMT) F-35 jet.

In a May 1 press release, DSCA said the F-35 conventional take-off and landing variant will replace Japan’s existing F-4EJ Kai Phantoms, built by Mitsubishi.

The proposed deal would include four initial F-35 CTOL aircraft and an option to add another 38 units.

The U.S. government approved of the company’s offer with Japan as an F-35A final assembly and check-out site, said Dave Scott, Lockheed’s F-35 customer engagement director, according to Defense News.

The proposal also includes the delivery of five Pratt and Whitney F-135 engines; command, control, communications, computer and intelligence capabilities, navigational systems; electronic warfare systems; an autonomic logistics global support system; an autonomic logistics information system and a flight mission trainer.

The proposed sale could reach a performance period of up to 15 years and deliveries may start in early 2016, according to the announcement.

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