Navy Vice Adm. Mathias Winter, head of the F-35 joint program office, has said he expects JPO to close a deal with Lockheed Martin (NYSE: LMT) for lot 11 F-35 Lightning II aircraft by Oct. 15, Defense News reported Thursday.
Winter told reporters Wednesday after his speech at the Defense News Conference the JPO has completed a proposal that seeks to reduce the per unit price of an F-35A variant to less than the lot 10 deal’s $94.6 million per aircraft.
He said the office has initiated talks and technical assessments with Lockheed’s aeronautics business and Pratt & Whitney on the airframe and engine for the fighter jets.
“It’s actually proceeding on pace, ahead of pace of the lot 10 negotiation timeline,” Winter said.
“We are targeting the end of the calendar year for definitization of lot 11.”
Winter’s remarks came two months after the Navy awarded Lockheed a potential $5.6 billion contract modification to build a total of 74 lot 11 fiscal 2017 F-35A, F-35B and F-35C variants for three U.S. service branches and another $3.69 billion modification to produce 50 lot 11 fighter jets for foreign military sales clients.