22 June 2013

News Story: Lockheed, Mitsubishi Sign F-35 FACO Deal


By AARON MEHTA 

WASHINGTON — Lockheed Martin has signed an agreement with Japan’s Mitsubishi Heavy Industries Ltd. to begin work on a final assembly and check out (FACO) facility for Japanese F-35 Joint Strike Fighters.

The contract was announced by Steve O’Bryan, Lockheed’s vice president in charge of the F-35 program, at this week’s Paris Air Show.

While declining to give contract figures for the deal, Eric Schnaible, Lockheed’s spokesman for Japanese F-35 issues, said Lockheed hopes to replace the contract, which runs through the end of 2013, with a five-year deal sometime by mid-October.

Read the full story at DefenseNews