Author: Jane Edwards|| Date Published: March 22, 2017
Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday.
Hewson™s statement came three months after she offered Trump her œpersonal commitment to reduce the F-35 program™s cost and a month after the company finalized an $8.5 billion contract with the Defense Department to deliver 90 lot 10 F-35s.
Bruce Tanner, chief financial officer at Lockheed, said in an interview that he thinks Trump™s presence œcreates momentum to get Lot 11 done quicker than we have in the past.
The report said Trump™s proposed budget for fiscal 2018 included the procurement of additional F-35s for the U.S. Air Force.
An official with Lockheed said Tuesday the lot 11 agreement may place an order for up to 130 fighter jets from the company, the report added.
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Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday.
