6/18/2010

Lockheed Martin says it is negotiating with the Pentagon to reduce the price for the next group of F-35 fighters by at least 20% of what was projected last fall and take some of the burden of cost increases off of the federal government. Under the deal, the company would transition to a contract with fixed prices for the planes two years earlier than planned, and Lockheed would be eligible to earn bonuses for achieving production milestones.

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