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Final value of the contract will be determined in 2012

The F-35 program is facing more delays, this time at the urging of some military officials that want to slow down production in an effort to fix issues on the aircraft before there are large numbers in service. Defense News reports that the DoD now wants to stretch out its F-35 buy according to General Martin Dempsey, Chairman of the Joint Chiefs of Staff.
Dempsey said, "We are committed, that is to say, the U.S. military, to the development of the fifth-generation fighter, clearly. There are some fact-of-life changes that we'll probably have to make based on the ability to procure it on timelines that we'd like to have."
The F-35 program is now feeling the threat of an issue from across the pond with European partner nations feeling the economic pinch that could result in reduced purchases of the F-35.
In addition, main F-35 contractor Lockheed Martin has signed a contract with the Pentagon that is “undefinitzed” and establishes a price ceiling for the F-35 aircraft. The Pentagon has granted the contract to Lockheed martin worth $4 billion to build 30 F-35 fighters for the USAF, Navy, and Marines.
Lockheed Martin spokeswoman Laurie Quincy wrote in an email, "Lockheed Martin has signed an undefinitized contract that establishes the funding for Lot 5 up to the level announced by the DoD today. The final Lot 5 contract amount will not be known until we have a definitized contract sometime in 2012."
The fixed price contract is for 21 conventional F-35A fighters, three F-35B STOVL aircraft, and six F-35C carrier fighters. The contact also allows for associated ancillary mission equipment and flight test instrumentation for the aircraft that will allow for flight test instrumentation for the UK. 
Quincy wrote, "This [contract] … will help ensure we continue to meet production schedules outlined by the program. This is an important first step in paving the way for full LRIP 5 production contract negotiations with our government customer."

Sources: DefenseNews 1, DefenseNews 2

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RE: Good strategy
By Reclaimer77 on 12/12/2011 3:09:39 PM , Rating: -1
I know. I'm not Reclaimer

Was that really necessary? I wasn't even planning on posting on this article then I see you calling me out and putting words in my mouth, great. Thanks!

There's dozens of people on DT "against" the F-35. Use one of them for an example.

Sigh, but then again, this is the cruel price us celebrities have to pay. I guess someone has to do it...

RE: Good strategy
By Mudhen6 on 12/12/2011 5:50:42 PM , Rating: 2
Lol I'm sorry for your celebrity woes, but really, I wasn't insulting you. Yes, there are a lot of F-35 critics, but the fact is that you are one of the prototypic F-35 critics on DT.

RE: Good strategy
By Black1969ta on 12/12/2011 11:01:35 PM , Rating: 2
Oh Reclaimer, now he insults you, you aren't a celebrity, just a prototypical F-35 critic, now you are like everyone else!

RE: Good strategy
By Reclaimer77 on 12/12/2011 11:43:04 PM , Rating: 2
I'm in shock. My agent and publicist are all over this!

RE: Good strategy
By Skywalker123 on 12/12/2011 11:06:35 PM , Rating: 2
Yeh, you're one on the Village People, the Village Idiot.

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