Lockheed Strikes Long-Term F-35 Deals To Shrink Costs
Law360 (April 19, 2019, 6:35 PM EDT) -- Lockheed Martin said it has inked long-term deals with a group of F-35 fighter jet suppliers in a push to lower costs, amid concerns that suppliers have had trouble keeping up with demand.
Wednesday's announcement came just weeks after the F-35 program's executive officer, Vice Adm. Mat Winter, told lawmakers that suppliers that make parts for the F-35 are struggling to meet demand as prime contractor Lockheed Martin Corp. ramps up toward full-rate production and as jets delivered early in the program's life are repaired and upgraded.
Lockheed said it has shifted more suppliers to longer-term performance-based logistics contracts and master...
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