Lockheed to complete LRIP-4 F-35 contract at profit


Lockheed Martin said it expects a contract for a fourth batch of F-35 fighter jets it is building for the U.S. Defence Department to be profitable.

“We’re early in the LRIP-4 (low initial rate production) contract right now but every so often we do calculate an estimate to complete and we expect to complete that contract with a profit,” Tom Burbage, executive vice president for F-35 programme integration at Lockheed, said at the Paris Air Show yesterday.

The F-35 Joint Strike Fighter is the world’s largest weapons programme, projected to cost more than US$380 billion in the next decades.