Japan Makes $756M Lockheed F-35 Buy

Japan has ordered four Lockheed Martin-made (NYSE: LMT) F-35 jets from the U.S. for an estimated $756.53 million, Reuters reports.

According to the report, the countries signed the agreement Friday for four initial conventional takeoff-and-landing aircraft and associated equipment, costing nearly $128.61 million per plane.

Two simulators and the other equipment cost $240.83 million, according to Reuters.

In May, the Defense Department agency responsible for foreign military sales announced Japan could buy nearly $10 billion worth of F-35 jets.

The Defense Security Cooperation Agency said the proposed sale, if approved by Congress, would include an option to buy 38 conventional takeoff-and-landing aircraft.

Reuters cites analysts as saying this order could help Lockheed’s chances in winning a contract to provide South Korea 60 F-35 jets.

Boeing’s (NYSE: BA) F-15 Silent Eagle is also a competitor for the potential $7 billion award.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.