Home Business News US to buy more F-35 fighter jets from Lockheed Martin

US to buy more F-35 fighter jets from Lockheed Martin

latestnewsonlineFeb 05, 2017Business News

The US Department of Defense is to buy another tranche of F-35 fighter jets from maker Lockheed Martin at a lower price-per-plane than previous orders.

In December, newly-elected US President Donald Trump said the cost of the Pentagon’s most expensive defence programme was “out of control”.

The new order, 90 jets for $8.5bn, brings the price of each aircraft to about $95m, down from a previous $102m.

Lockheed said Mr Trump had “sharpened our focus on driving down the price”.

The US government expects to spend close to $400bn in the coming decades to develop and buy 2,443 of the supersonic fighter jets.

Lockheed, the prime contractor, and its partners including Northrop Grumman, United Technologies Corp’s Pratt Whitney, and the UK’s BAE Systems have been working on building a more cost-effective supply chain.

So, defence analysts had expected that orders would fall in price as production rises.

Lockheed Martin said on Friday: “President Trump’s personal involvement in the F-35 program accelerated the negotiations and sharpened our focus on driving down the price.”

The UK government has committed to buying up to 138 F-35s, and has already taken delivery of at least three jets for RAF evaluation and testing.

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US to buy more F-35 fighter jets from Lockheed Martin

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US to buy more F-35 fighter jets from Lockheed Martin

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