Pentagon, Lockheed Close New F-35 Deal

The Pentagon has awarded Lockheed Martin a contract modification worth more than $7 billion before finalizing a much larger bundle of contracts and agreements to buy more than 470 F-35s for delivery between 2020 and 2022, fulfilling the last three years of low-rate production.

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Pratt To Reduce F-35 Engine Cost

Pratt & Whitney will reduce the unit recurring flyaway (URF) cost of the F135 engine by 3% over a three-year ordering period for Lockheed Martin F-35s scheduled for delivery from 2020 to 2022, the company says.

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