2016 Postmortem
In reply to the discussion: I continue to be utterly mystified. [View all]sheshe2
(95,522 posts)By Christopher P. Cavas 4:51 p.m. EST November 4, 2015
F35
Lockheed Gets Nod for $5B JSF Deal
WASHINGTON With a preliminary agreement in hand, negotiations between Lockheed Martin and the Pentagon for the Joint Strike Fighter Lot IX Joint Strike low-rate initial production contract continue, and a final agreement is expected next month, JSF Joint Program Office spokesman Joe DellaVedova said Wednesday.
Under an "undefinitized contractual action" (UCA) agreed on Tuesday, $625 million in fiscal year 2015 money is being moved to Lockheed to cover company expenses spent thus far on the Lot IX aircraft. The full contract is being negotiated under a not-to-exceed limit of $5.37 billion.
"The government's negotiating position is that the final number will be below that figure," DellaVedova said. "We're confident that the final terms of the contract will represent the best interests of the government and its partners."
Earlier, $698 million in advance procurement funding was awarded for Lot IX using fiscal 2014 money.
Read More http://www.defensenews.com/story/defense/policy-budget/industry/2015/11/03/lockheed-gets-537b-55-f-35-fighters/75128086/