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William LaPlante: Air Force Could Use Cost-Plus Contract to Procure Long-Range Bomber

long range bomberWilliam LaPlante, assistant secretary for acquisition at the U.S. Air Force, said he expects the military branch to use a cost-plus pricing strategy for the service’s long-range strike bomber development program, Defense News reported Thursday.

“My belief on the LRS-B is its going to be more traditional, ” LaPlante told the House Armed Services Committee’s seapower and projection forces subcommittee Wednesday.

“We are doing a little more cutting edge, it’s not based on a commercial item, so most likely it’s going to be in the cost-plus regime, ” he added, according to Defense News.

Aaron Mehta reports the Air Force looks to acquire up to 100 bomber aircraft and could award a contract in late spring or in early summer.

Northrop Grumman (NYSE: NOC) and a team comprising Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are vying for the potential $55 billion LRS-B contract.

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