U.S. Law Would Require Fixed-Price F-35 Contracts

December 13, 2011

Future Pentagon purchases of the F-35 Joint Strike Fighter from Lockheed Martin will have to be based on fixed-price contracts under a defense authorization measure approved on Monday by a joint congressional panel.

The provision, part of the National Defense Authorization Act, would require fixed-price contracts beginning with the sixth low-rate production batch of fighters from Lockheed Martin Corp .

The Pentagon is currently trying to finalize a contract for 30 fighters - its fifth lot of aircraft being produced even as final testing of the radar-evading jet fighter continues. 

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