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IHS Jane's: Defense & Security Intelligence & Analysis
 

Lockheed Martin to set 'not to exceed' price for JSF

By Julian Kerr

2/11/2009

Lockheed Martin plans to provide the eight international partners in the F-35 Lightning II Joint Strike Fighter (JSF) development programme with a 'not to exceed' price for the aircraft by May under a possible five-year consortium contract.

An Australian Department of Defence (DoD) spokesperson told Jane's on 9 February that the JSF programme office is encouraging the partners to continue working with Lockheed Martin, which was planning to provide a quantitative analysis of the benefits of the consortium-buy together with the 'not to exceed' price.

Discussion is continuing and Australia is a strong supporter of pursuing the consortium buy approach, the spokesperson said.

Susan Kiehl, director of Lockheed Martin's JSF international business development, said that Air Vice-Marshal John Harvey, director of Australia's JSF programme, had asked the company to convene a meeting within six weeks to discuss the processes and procedures behind such a contract with the international partners.

Image: Lockheed Martin is looking at the benefits of a consortium-buy approach for the JSF (Lockheed Martin) 149 of 437 words

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The Joint Strike Fighter aircraft
The Joint Strike Fighter aircraft(Lockheed Martin)

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