Lockheed, Northrop, BAE to invest up to $170 mln to lower F-35 cost
RAF FAIRFORD, England, July 10
RAF FAIRFORD, England, July 10 (Reuters) - The Pentagon on Thursday said key F-35 contractors Lockheed Martin Corp, Northrop Grumman Corp and BAE Systems Plc would invest up to $170 million over the next two years to drive down the cost of the new warplane.
Under the plan, called the "Blueprint for Affordability", the contractors would recoup their investment and profit from the accrued savings only after the cost of the plane was reduced, the U.S. Department of Defense said in a statement.
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