Lockheed, partners pledge to pump $170 million into F-35

Lockheed Martin

Credit: RON T. ENNIS / Star-Telegram

Lockheed and its industrial partners will invest $170 million to bring down the cost of the F-35, shown here in Fort Worth in December.

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by STEVE KASKOVICH & YAMIL BERARD

Fort Worth Star-Telegram

Posted on July 11, 2014 at 7:38 AM

Lockheed Martin and its corporate partners on the F-35 Joint Strike Fighter announced a new plan Thursday to reduce costs on the over-budget program even as the next-generation jet remained grounded on the eve of scheduled appearances at international airshows in Great Britain.

The companies pledged to spend $170 million through 2016 to help bring down the cost of the fighter jet from more than $100 million apiece to about $80 million by the end of the decade.

Continue reading this article from the Fort Worth Star-Telegram.


Read more here: http://www.star-telegram.com/2014/07/10/5961685/lockheed-partners-pledge-to-pump.html?rh=1#storylink=cpy

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