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  • Tuesday, April 23, 2024

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.

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