Lockheed, Pentagon Strike $5B Fighter Jet Deal

Law360, New York (September 22, 2010, 6:53 PM EDT) -- Lockheed Martin Corp. has reached an agreement with the U.S. Department of Defense to build 32 new F-35 Joint Strike Fighters, paving the way for a $5 billion contract.

The agreement marks the fourth and largest production lot of F-35s the Pentagon has ordered from Lockheed since the company rolled out the first generation of the planes, John Kent, a spokesman for Lockheed’s F-35 program, told Law360 on Wednesday.

According to Kent, Lockheed expects that in the next several weeks the DOD will sign a contract...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.