The Pentagon has struck a deal with Lockheed Martin for the purchase of 90 F-35 stealth fighter jets at a cost that adds up to nearly $9 billion, finishing up negotiations highlighted by President Donald Trump’s threats to walk away.
It’s the latest order in what’s expected to amount to nearly $400 billion in sales for Lockheed Martin, involving thousands of the jets.
This round, known as Lot 10, marks the first time that the per-jet purchase price for an F-35A has been below $100 mlilion. Lockheed Martin said Lot 10 reflects a $728 million reduction in the total price, compared with the previous lot.
The cost reduction is basically in line with what Lockheed Martin and Pentagon officials were expecting, even before Trump started complaining about the program last December.