Pentagon, Lockheed Martin reach handshake deal on new F-35 Joint Strike Fighters

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The Pentagon and Lockheed Martin have reached a handshake agreement for two more lots of F-35 Joint Strike Fighters.

The initial agreement will cover production of lots 18 and 19 of the stealth fighter’s air vehicle, Lockheed and the F-35 Joint Program Office said in a joint statement.

The handshake deal was first reported by Air and Space Forces Magazine today.

The JPO estimates the average cost of an F-35A across lots 15 through 17 is $82.5 million. The F-35B, which is flown by the Marine Corps and capable of short takeoff and vertical landing flight, costs $109 million on average, and the carrier-based F-35C costs an average of $102.1 million in those lots.