FARNBOROUGH: Lockheed drops F-35 price in Lot 11 ‘handshake agreement’

Lockheed Martin says it has made a “handshake agreement” with the F-35 Joint Program Office for the 11th lot of low-rate initial production. The company declined to state the unit cost for LRIP 11 until the deal was finalised, though it says the agreement puts the F-35A Lightning II on track to cost $80 million per unit by Lot 14 in 2020.

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