Defense
Pentagon, Lockheed Reach Final Agreement on F-35 Part Refunds
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Lockheed Martin Corp. and the Pentagon’s contracts management agency reached a formal agreement that the company will provide about $71 million in services for the F-35 jet program as compensation for delivering aircraft parts that weren’t ready for installation.
The Defense Contract Management Agency and the No. 1 defense contractor reached the previously undisclosed accord Jan. 12 over F-35 parts delivered from 2015 to early 2020 without electronic data that personnel need to track components’ history and remaining service life.