Tag Archives: cost reduction

Lockheed Receives $90M Navy Contract Modification to Explore F-35 Cost Reduction Measures

Lockheed Martin (NYSE: LMT) has received a three-year, $90.3M contract modification from the U.S. Navy to identify and implement measures to reduce the cost of the F-35 air system. The company will aim to complete the cost reduction efforts by June 2022, the Department of Defense said Tuesday. The Navy, Air Force and …

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Navy Issues $138M Modification on Lockheed’s Lot 9 F-35 Production Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business unit has received a $137.8 million contract modification from the U.S. Navy to fund cost reduction efforts for the low-rate initial production of lot 9 F-35s. The Defense Department said Friday that the full obligated amount at the time of award is from fiscal 2016 …

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Report: Pentagon, Lockheed Close $4.7B Deal for Lot 8 F-35 Jets

Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have closed on a $4.7 billion contract for the eighth lot of low-rate initial production F-35 fighters, DoD Buzz reported Friday. Kris Osborn writes Lockheed will build 29 F-35s for the U.S. Air Force, Navy and Marine Corps and another 14 …

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Chris Bogdan: F-35 Industry Partners to Make ‘Upfront Investment’ Under Cost Reduction Deal

Lockheed Martin (NYSE: LMT) and its two primary industry partners in the F-35 program have signed an agreement with the Defense Department to develop strategies aimed at reducing F-35’s production costs. The Blueprint for Affordability deal aims to bring the “fifth-generation” fighter aircraft program at a “fourth-generation” price point by the end …

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