Lockheed Martin to Get $137Mln to Cut Costs of F-35 Fighter Jet

© Photo : Lockheed Martin Lockeed Martin F-35
Lockeed Martin F-35 - Sputnik International
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The Department of Defense said that US global defense corporation Lockheed Martin won more than $138 million to cut the costs of the F-35 Joint Strike Fighter.

People wander around a life-size model of US planemaker Lockheed Martin's F-35 Lightning II 5th generation fighter plane during the Farnborough aerospace show, in Farnborough, England - Sputnik International
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WASHINGTON (Sputnik) – US global defense corporation Lockheed Martin won more than $138 million to cut the costs of the F-35 Joint Strike Fighter, the Department of Defense said in a press release.

"Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $137,834,819… [contract] to provide additional funding for affordability-based cost reduction initiatives in support of low-rate initial production Lot 9 F-35 Lightening II Joint Strike Fighter," the release said Friday.

The new contract modification combines work on F-35 purchases for the US Air Force, Marine Corps and Navy, the Defense Department noted.

The Pentagon has presented the F-35 as the most advanced multirole fighter in its arsenal, but the most expensive piece of military equipment ever made has been plagued by delays, ever-increasing costs, as well as maintenance and reliability issues.

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