Originally, the Pentagon had negotiated a deal with Lockheed Martin for the new F-35 fighter jets. President Donald Trump thought the price was too high so he got involved and re-brokered a new deal or 90 jets at a price of $8.5 billion, saving taxpayers $728 million.
Lockheed Martin and the Pentagon have reached an agreement to buy 90 F-35 fighter jets, with the defense contractor crediting the reduced price per unit to President Trump’s involvement in the deal.
“President Trump’s personal involvement in the F-35 program accelerated the negotiations and sharpened our focus on driving down the price,” the company said in a statement. “The agreement was reached in a matter of weeks and represents significant savings over previous contracts.”
The contract is worth about $8.5 billion, a decrease of $728 million from the last batch. The price per jet for the F-35A will also land below $100 million for the first time.
The latest “contract is a good and fair deal for the taxpayers, the U.S. government, allies and industry,” Lt. Gen. Chris Bogdan, F-35 program executive officer, said in a statement. “We continue to work with Industry to drive costs out of the program.”
GET MORE STORIES LIKE THIS
IN YOUR INBOX!
Sign up for our daily email and get the stories everyone is talking about.