Lockheed Martin Corp. and the Pentagon have reached an “agreement in principle” to complete a contract valued at as much as $4 billion for the fifth production batch of F-35 fighters, according to the Pentagon’s spokesman.
An accord has been reached to buy 32 fighters in addition to the 63 already on contract, Pentagon spokesman George Little told reporters Friday. The Pentagon said in December that it would spend a maximum of about $4 billion on the production lot. Dollar figures for the contract won’t be available for about a week, according to officials who spoke about the negotiations on condition of anonymity. The contract is the second consecutive one to involve the purchase of 32 aircraft.