Lockheed Martin Co. Chief Executive Marillyn Hewson said the company is making "good progress" in negotiations with the Pentagon about the next two batches of F-35 fighter jets and hopes to complete an agreement in the near term.
Lockheed is building three models of the F-35 for the U.S. military and international partner countries. Britain, Australia, Canada, Norway, Turkey, Italy, Denmark and the Netherlands. Israel and Japan have also ordered the jet.
Pentagon officials had hoped to reach an agreement with Lockheed on the sixth and seventh orders of F-35 jets, deals valued at multiple billions of dollars, around mid-year, after protracted and difficult discussions on the previous order.
"We've been very open and transparent with our data and I think the negotiations are going well," Hewson told reporters in a teleconference.
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