Lockheed Martin about to close $37bn+ deal for F-35 jets

https://www.rt.com/business/393015-lockheed-deal-jets-sale/

US defense contractor Lockheed Martin is in the final stages of negotiating a multibillion-dollar deal to sell a record 440 F-35 fighter jets to a group of 11 countries including the United States; Reuters reports.

The contract will be the biggest yet for the F-35 jets and will consist of three tranches over fiscal years 2018-2020.

https://www.reuters.com/article/us-airshow-paris-f-idUSKBN1990S8

Lockheed Martin Corp is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said.

This would be the biggest deal yet for the stealthy F-35 jet, set to make its Paris Airshow debut this week.

The sale represents a major shift in sales practices from annual purchases to more economic multi-year deals that lower the cost of each jet.

The pricing of the jets was still not final, although the average price of the 440 jets was expected to be $85 million, the people said on condition of anonymity because they were not authorized to discuss the negotiations publicly.

The multi-year deal for the fighters will consist of three tranches over fiscal years 2018-2020.

A Lockheed representative said the U.S. company does not discuss negotiations on contracts and said any deal involving a “block buy” would be announced by the U.S. government. A representative for the customers including the United States did not immediately respond to a request for comment on Sunday.

Last week, representatives from 11 F-35 customer nations met in Baltimore, Maryland to discuss terms and toured a Northrop Grumman Corp facility in Maryland that provides equipment for the jet. Those nations included Australia, Denmark, Israel, Italy, Japan, the Netherlands, Norway, Turkey, South Korea, Britain and the United States.

———–

imagine if there were no wars..

you cant can you?..and whatever would lockheed martin do if nobody needed to buy fighter jets?

“The pricing of the jets was still not final, although the average price of the 440 jets was expected to be $85 million, the people said on condition of anonymity because they were not authorized to discuss the negotiations publicly.”

weapons of death..

401

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~ by seeker401 on June 22, 2017.

19 Responses to “Lockheed Martin about to close $37bn+ deal for F-35 jets”

  1. Reblogged this on Debatable News: Mainstream to Tinfoil Hat and more and commented:
    Are these made in India?

  2. […] via Lockheed Martin about to close $37bn deal for F-35 jets — Follow The Money […]

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