Lockheed Once Again Predicts Lower F-35 Cost

The F-35s in low-rate initial production (LRIP) Lot 4 are expected to exceed their contracted cost target, but fall below the negotiated ceiling price, says Tom Burbage, vice president of F-35 program integration for Lockheed Martin.

The company is roughly 30% of the way through the build of the aircraft, so the estimate at completion on the contract ...