Bogdan says 'better deals' on F-35 production contracts could mitigate development costs

By Lee Hudson / February 16, 2017 at 3:28 PM
The head of the F-35 joint program office told lawmakers this week he is 'confident' he won't be asking lawmakers for more money to complete development, stating that favorable future negotiations could free up funds to mitigate additional costs. The program and prime contractor Lockheed Martin are currently negotiating production Lot 11, which F-35 Program Executive Officer Lt. Gen. Christopher Bogdan told lawmakers will be worth upwards of $10 billion for 120 jets. The Defense Department reached a handshake deal...

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