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Robert Stevens Says Lockheed & DoD Deal for Fifth Batch of F-35’s Could Come by Year’s End

Lockheed Martin Corp. (NYSE: LMT) is attempting to formalize a deal for its fifth batch of F-35 fighter jets with the Defense Department , Lockheed CEO Robert Stevens said at a Morgan Stanley investor conference.

Stevens said Friday that he thinks it’s possible that Lockheed is able to wrap up the sale by year’s end.

Lockheed formally began discussions with the Pentagon in December 2011 for this latest batch of joint- strike fighters.

Government officials have insisted on detailed pricing information, which has extended negotiations longer than originally expected.

Lockheed first said the contract could be signed by the second or third quarter of this year.

However, both parties “are still about five percent apart on the final financial details, ” said an unauthorized source familiar with the talks.

Stevens said Lockheed have delivered 16 of 30 aircraft due this year, and will continue pushing for additional orders internationally which will help drive down the cost of the program.

 

Past GovCon Wire Coverage of International F-35 Sales and Interest

Report: Israel On Way to Signing $2.7B Lockheed F-35 Deal

Report: Lockheed, Boeing Competing For $7B South Korea Fighter Jet

Lockheed’s F-35 draws Interest From 25 Countries; Larry Lawson Comments

Japan Makes $756M Lockheed F-35 Buy

Norway Confirms $10B Lockheed F-35 Buy

 

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