Let the shareholders rejoice: Lockheed Martin‘s (NYSE: LMT) F-35 Lightning II fighter jet contracts are getting bigger — and bigger.
In September, Reuters reported on a Pentagon deal to buy what it called at the time “the biggest batch yet” of Lockheed Martin’s joint strike fighter – 141 fighter jets valued at $11.5 billion. To win such a big order, Lockheed lowered its average F-35 cost to $81.6 million. With engine and other incidental costs factored in, flyaway costs were a bit higher. Lockheed’s F-35B variant flyaway cost $115.5 million, its F-35C cost $107.7 million, and the F-35A ended up at $89 million. Still, as Lockheed noted at the time, this contract offered the “lowest per-aircraft price in program history,” which undoubtedly helped Lockheed seal the deal.
Big as that sale was, however, the contract Lockheed just won easily eclipses it.
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Lockheed Martin Lands 255-Jet Fighter Order
Image from lockheedmartin.com