U.S. Air Force Sticking To Plans To Buy 1,763 F-35 Jets

By Reuters

Hewson told analysts earlier this month that the F-35 program would be one of her top priorities in her new job.

Agreement on the terms of the fifth F-35 contract would free up additional funding for early work on a sixth set of planes, which the company has been funding on its own for some time.

Lockheed last month told investors that it faced a potential termination liability of $1.1 billion on that sixth batch of planes, unless it received more funds soon.

The Pentagon has refused to release any more money for the sixth batch of planes until the two sides resolve their differences and sign a contract for the fifth batch.

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