Exclusive: Lockheed, suppliers brainstorm how to lower F-35 operating costs
Lockheed Martin Corp met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon's current forecast of $1.02 trillion through 2065.
Top officials from the Pentagon's Defense Contracts Management Agency and the Defense Contracts Audit Agency were also on hand during two days of talks in Fort Worth, Texas.
Tom Owen, vice president of F-35 sustainment strategies for Lockheed, told Reuters the meeting was "an initial, early step" toward mapping out specific measures to cut the plane's hefty sustainment costs.
"We are laser-focused on identifying the cost drivers for the F-35 air system and what we can do to reduce those costs as much as possible," Owen said, noting that industry-government relations were more collaborative than in past years.Read the full story from Reuters.