Marillyn Hewson: Multiyear Contract Would Lower F-35A Price to $80M

Lockheed Martin aims to reduce the price of F-35A fighter jets to less than $80M per unit through a proposed multiyear contract with the Department of Defense's Joint Program Office, USNI News reported Tuesday.

“That’s our target, to continue to drive the unit cost down,” said Marillyn Hewson, chairman, president and CEO of Lockheed and a 2019 Wash100 winner.

“We will always be looking at ways that we can take the cost down in the program as it continues to mature and grows.” Hewson added.

The current price tag of F-35’s standard takeoff-and-landing variant ranges between $89.2M and $107M.

Lockheed’s plan to reduce the cost per unit comes as its production nears a full capacity for the program of record.

You may also be interested in...

Immervision

Immervision to Develop sUAS Wide-Angle Camera Under DIU Program

The Defense Innovation Unit has tapped Immervision to build a wide-angle computer vision camera for small unmanned aerial systems.

DHS

DHS Posts Night Vision Tech RFI to Aid S&T Market Survey

The Department of Homeland Security has issued a request for information to seek inputs from industry on night vision technologies in support of a market survey by the National Urban Security Technology Laboratory under the DHS Science and Technology Directorate.

Comtech

Comtech Books $175M Contract for 911 Services in Pennsylvania

Comtech Telecommunications has secured a potential $175.1M contract to assist the Commonwealth of Pennsylvania in designing, implementing and operating 911 services across the state.