F-35 Lot 11 contract includes first slate of new performance incentives

October 4, 2018 at 4:17 PM
The Pentagon's recent $11.5 billion contract award to Lockheed Martin for 141 F-35s includes the first round of new performance incentives aimed at driving the program's supply chain to improve production and sustainment efficiency. The contract for the 11th low-rate initial production lot reflected continuous efforts from Lockheed and the joint program office to lower the jet's unit cost, bringing the price of an F-35A down to $89.2 million and bringing the program closer to its target price of $80...

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