Topic: Delays Cut Lockheed's Fee On Joint Fighters

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February 13th, 2008   Post 1
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Post; Delays Cut Lockheed's Fee On Joint Fighters


Washington Post
February 13, 2008
Pg. D4
Lockheed Martin's latest fee on the Joint Strike Fighter jet program is its lowest ever because of production delays.
Lockheed, based in Bethesda, earned 67.3 percent of the fee available for the six-month period ending Oct. 31, according to Defense Department figures. The lowest previous award was 69.9 percent in late 2004. Lockheed's only profit in the 12-year development phase is the fee.
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