Lockheed, Mitsubushi Heavy sign deal for F-35 assembly

Wed Jun 19, 2013 8:51am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

PARIS (Reuters) - Lockheed Martin Corp (LMT.N: Quote) has signed a contract with Mitsubishi Heavy Industries Ltd (7011.T: Quote) to begin work on a final assembly and check-out plant for the F-35 Joint Strike Fighter in Japan, it said on Wednesday.

Steve O'Bryan, Lockheed vice president on the F-35 program, announced the contract agreement at the Paris Airshow. He declined to give details on the value of the contract.

A similar facility built in Italy to assemble F-35 jets in Europe cost an estimated 800 million Euros ($1.1 billion).

(Reporting By Andrea Shalal-Esa; Editing by Greg Mahlich)

 
Workers can be seen on the moving line and forward fuselage assembly areas for the F-35 Joint Strike Fighter at Lockheed Martin Corp's factory located in Fort Worth, Texas in this October 13, 2011 handout photo provided by Lockheed Martin. REUTERS/Lockheed Martin/Randy A. Crites/Handout