WASHINGTON: The United States has approved the sale of night vision infrared target sight system to Pakistan. According to a statement issued by the US Defense Department, a contract worth $151 million has been awarded to the arms giant Lockheed Martin Corp. The accumulative cost would increase to $284.6 million as the government of Pakistan will pay about 12 percent of the total cost through an arrangement under the Foreign Military Sales programme. The contract deal will support the Target Sight System on the AH…
RAF FAIRFORD, ENGLAND: The U.S. Department of Defense and Lockheed Martin Corp are in the final stages of negotiations about two contracts for 160 fighter jets, tandem deals valued at more than $14 billion, the Pentagon's F-35 program manager said on Saturday.
WASHINGTON: The Pentagon said on Friday it had awarded Lockheed a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.
WASHINGTON: Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.