Lockheed Martin says cost cut plan for F-35 jets ahead of schedule

13 Jun 2019

Lockheed Martin says cost cut plan for F-35 jets ahead of schedule

HELSINKI Lockheed Martin (NYSE:LMT) said on Thursday it was on track to cut the cost of its F-35 fighter jet A variant to $80 million per jet a year ahead of its original target of 2020.

"We have beaten the goal by a full year," Lockheed Martin campaign manager Mark Pranke told a news conference in Helsinki, where the company is seeking a deal worth an estimated 7-10 billion euros ($7.9-11.3 billion) to replace Finland's ageing 64 Hornet fighter jets.

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