Close

Latest F-35 Contract May Cut Per-Unit Costs by 2% to 4% (LMT)

September 19, 2014 7:50 AM EDT

Lockheed Martin (NYSE: LMT) is nearing a $4 billion deal for 43 additional F-35 JSFs with the U.S. Dept. of Defense.

Reuters noted that the new contract would lower the overall cost of the F-35 by two to four percent. That puts the F-35 in the price range of $94 to $96 million, from a recent per unit cost of $98 million.

Lockheed and suppliers have been aiming to cut the cost of the F-35 program, which is expected to total arond $400 billion for 2,457 U.S. jets over the next several years. An additional $1 trillion is estimated to operate and maintain the aircraft over the next 50 years.

This would be the eighth batch of F-35s ordered by the U.S.

Lockheed is up in early trading Friday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Rumors