Jun 1, 2015
Pentagon eyes three-year block buy of F-35s from fiscal 2018
Such a deal would not constitute a formal "multi-year buy," but would still require congressional approval.
A block buy of more than 400 jets would allow for "double-digit" cost savings from larger economies of scale when orders reach around 150 planes a year.
The Pentagon's chief arms buyer, said the $391 billion F-35 program was meeting or exceeding performance and cost milestones set during a 2011 restructuring of the program.
It remained on track for a key milestone this summer when the U.S. Marine Corps expects to declare an initial squadron of jets ready for combat use, followed by the Air Force in 2016.