30 Jul '13, 5pm

Pentagon Agrees to Buy 71 More F-35s

WASHINGTON — The Pentagon has reached an agreement in principle with Lockheed Martin to purchase the sixth and seventh lots of the F-35 joint strike fighter. The agreement, announced Tuesday morning, includes the purchase of 36 jets in the sixth low-rate initial production (LRIP-6) lot and 35 in the seventh. In addition to 60 jets for the US, the deal includes 11 for international partners Australia, Italy, Norway and the UK. LRIP-6 deliveries will begin by mid-2014, followed a year later with LRIP-7 deliveries, according to a statement put out by the F-35 Joint Program Office and Lockheed. While the agreement has been reached in principle, cost details were not included. Those are typically released a month or so after the initial agreement is announced. The statement said that “in general” unit prices for the US jets in LRIP-6 are 4 percent lower than in LRIP-5, which wa...

Full article: http://www.defensenews.com/article/20130730/DEFREG/307300011

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