By: Amelia McMahon
Minister for Defence Industry Christoper Pyne has confirmed a 25 per cent reduction in price of the Joint Strike Fighters (JSF) from 2014.
In address to Parliament, Minister Pyne confirmed he had spoken with the newly appointed US Secretary of Defense James Mattis about the cost reduction of the JSF program.
In address to Parliament, Minister Pyne confirmed he had spoken with the newly appointed US Secretary of Defense James Mattis about the cost reduction of the JSF program.
The new price agreement marks the first time that the unit price of these jets, which are being manufactured by prime contractor Lockheed Martin, is below US$100 million.
The previous order, which included 55 jets for the US and 35 for partners and Foreign Military Sale customers, was US$102 million per jet. The price now stands at around US$95 million per jet, a total reduction of US$7 million per jet.
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