Lockheed gets $3.7B advance payment for F-35 program

Lockheed gets $3.7B advance payment for F-35 program

The Pentagon made a $3.7 billion advance payment to Lockheed Martin late Friday for the 11th batch of F-35 aircraft. The Pentagon and Lockheed still have not reached a final agreement on the 11th lot of F-35 aircraft, which is slated to cover 141 aircraft for the U.S. services and military partners. Although the Defense Department is confident it can hammer out a deal by the end of the year, it regularly uses a mechanism called a “unilateral contract action,”…

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