Lockheed gets $5.37 billion for F-35
By Christopher P. Cavas
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.