Lockheed Martin is restructuring more of its F-35 supplier contracts to try to reduce costs of the most expensive weapons platform in the world.
Many existing supplier contracts are only a year long, which creates more paperwork for the planemaker and its partners. Under the new multi-year Performance Based Logistics (PBL) contracts, suppliers are given greater cost certainty over a longer period of time. This enables them to make longer-term investments intended to pay off down the road—…
Source URL: Lockheed Martin Re-Jigs More F-35 Contracts to Help Reduce Costs
Source Website: Advance Engineering – Engineering.com