Department Of Defense, Lockheed Martin Announce Deal Worth Nearly $8.5 Billion For 90 F-35 Jets

Total overall savings equals $728 million

ABOVE VIDEO: President Donald Trump talks about money saved on the F-35 Joint Strike Fighter and actions to reduce billions of dollars in spending on government contracts with Lockheed Martin and Boeing. 

(FOX NEWS)– The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program.

The deal for the tenth lot of the stealthy fighter aircraft brings the price per jet to below $95 million for the first time, compared to $102 million in the previous batch, a savings of $728 million.

This is more than the $600 million that U.S. President Donald Trump claimed on Monday he had been able to shave off from the F-35 program, which he had described as “out of control” in December.

Lockheed Martin said in a statement that “President Trump’s personal involvement in the F-35 program accelerated the negotiations and sharpened our focus on driving down the price.”

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