Forum: F-35 Lightning II

Lockheed gets $442 million Navy F-35 contract (Reporting by Jim Wolf) Thu Jul 2, 2009

http://www.reuters.com/article/hotStock ... GI20090702

"WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) has won a $441.9 million modification to a previously awarded U.S. Navy F-35 fighter contract, the Pentagon said on Thursday.

The modification changes a low-rate initial production "advance acquisition" contract to a "cost-plus-incentive-fee/award-fee contract," the Pentagon said in its daily contract digest. Under a cost-plus contract, the contractor is compensated in a way that equals its expenses plus a profit.

In addition, the change provides for logistics support and hardware for the sustainment of seven U.S. Air Force and one Dutch conventional take-off and landing aircraft; and seven U.S. Marine Corps and two UK short take-off vertical-landing aircraft, among other things, the Pentagon said.

The radar-evading F-35 is in the early stages of production."

F-16.net Sponsor

We are now expecting results not excuses. The scope of effort is defined, the schedule is ready to be advanced and the budget is provided. As of 2 Jul 09, when will we see the test a/c in the air? What will be the revised schedule? When will AF-1,2,3 and BF-1,2,3,4 make a group flight photograph? When will CF-1, 2 make their first flight? Inquiring minds want to know!!! Best Wishes to LM/ JSF.

Forum: F-35 Lightning II

Lockheed gets $442 million Navy F-35 contract NEWS