U.S. Air Force F-35A aircraft, from the 388th and 428th Fighter Wings, form up in an "elephant walk" during an exercise at Hill Air Force Base, Utah, U.S. January 6, 2020. U.S. Air Force/R. Nial Bradshaw/Handout via REUTERS.
Reuters: Exclusive-Pentagon nears F-35 jet deal worth about $30 billion -sources
WASHINGTON (Reuters) -The U.S. Department of Defense is nearing an agreement with Lockheed Martin Corp for around 375 F-35 fighter jets over three years, three sources said on Monday, amid expectations of a price increase for the most common version of the jet due to lower quantities and inflation.
The first F-35A cost $221 million when it came off the production line in 2007. Since then, production quantities and know-how have increased, helping the price of the stealthy fifth-generation fighter fall to $79 million as it gained buyers.
Talks had stalled in recent weeks over data rights, two people familiar with the discussions said. But a Monday midday meeting in Washington could yield a "handshake" decision on both a price range and quantity, the people said. If an agreement is reached, finalized pricing would not be locked in for several weeks if not months, but an ultimate total value is in a range around $30 billion.
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Update: Pentagon Nears Deal With Lockheed For 375 F-35 Stealth Fighter Jets (Zero Hedge)
WNU Editor: Can someone say we are seeing an arms race.
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