Report: SASC Supports F-35, ‘But Not At Any Cost’ -- DoD Buzz
Senate lawmakers are sticking by the F-35 Lightning II, but according to a new report by Bloomberg’s Tony Capaccio and Roxana Tiron, they want to put a lid on cost growth for new batches of jets — starting now:
Read more ....The Senate Armed Services Committee included a provision in the 2012 defense authorization bill that requires the secretary of defense to use a fixed-price contract with an incentive fee for low-rate initial production of the fifth F-35 lot. The provision requires Lockheed to absorb 100 percent of costs “above the target cost specified in the contract.” …
More News On The F-35
Lockheed To Pick Up F-35 Overruns: SASC Bill -- Aviation Week
F-35 costs: Chorus of dismay over $1,000bn tag -- Financial Times
F-35 program leadership seem frustrated with claims that the program is too expensive -- Militray & Aerospace
U.S. Senate Bill Aims to Keep Costs in Check With Lockheed F-35 LRIP-5 -- Daily Tech
Senate bill includes early cancellation of Lockheed Martin defense program -- Business Journal
Lockheed turns the corner: F-35 fighter development; Canada buying 65 jets, expected in 2016 -- Montreal Gazette/Post Media News
F-35 fighter development has 'turned the corner,' manufacturer says -- Vancouver Sun/Post Media News
Lockheed May Pitch F-35 to Rejoin India’s $11 Billion Fighter Jet Contest -- Bloomberg
Lockheed Martin to re-enter $11 bn Indian deal with F-35 stealth fighter -- Economic Times
Norway To Buy 4 JSFs -- Defense News
Norway Approves Funding of Lockheed Martin F-35 Training Jets -- Defpro
The F-35 software situation -- DoD Buzz
That F-35 export stealth issue -- ELP
Lockheed’s new sales challenge -- DoD Buzz
Lockheed Martin (NYSE:LMT) Launches F-35 Website -- eMoney Daily
Video of the Day: Trying to Make the $1 Trillion F-35 Fighter Hip -- The Atlantic
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