Lockheed Martin, Pentagon Strike F-35 Production Deal
By Amy Butler firstname.lastname@example.org
Source: AWIN First
The terms of the concurrency risk-sharing deal for LRIP 5 were not provided by the company or the Pentagon. The agreement on LRIP 5 pricing, however, clears the way for the Pentagon to pay Lockheed Martin back for preliminary work on LRIP 6. Program officials refused to fund long-lead work on LRIP 6 without a deal for the current lot.
This agreement comes after more than a year of heated negotiations and at a tough time for Lockheed Martin.
Christopher Kubasik, who was tapped to be the next CEO of the company, resigned this month after a personal affair with a subordinate came to light. This leaves Marillyn Hewson, who was to be second in charge, as the incoming CEO at the beginning of next year.
Also this fall, the incoming F-35 director, Maj. Gen. Christopher Bogdan, said the relationship between Lockheed Martin and the Pentagon was the “worst I’d ever seen” in a program. He will assume command of the program Dec. 6 when Vice Adm. David Venlet retires.