Pentagon And Lockheed Martin Agree To Big Cost Reduction On F-35 Fighters (From Forbes)

The Department of Defense this week disclosed an agreement with F-35 fighter prime contractor Lockheed Martin that will reduce the average production cost of each fighter by 12.7% across three production lots. The tri-service, multirole fighter that is also being sold to a dozen overseas allies thus continues its steady progress towards becoming the global standard for tactical aircraft. 450 F-35s are now operating from 19 bases around the world, providing a potent and increasingly more affordable deterrent to aggression. I have written a commentary for Forbes here.