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

Marillyn Hewson: Multiyear Contract Would Lower F-35A Price to $80M - top government contractors - best government contracting event

Marillyn Hewson: Multiyear Contract Would Lower F-35A Price to $80M - top government contractors - best government contracting event

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.

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