Pentagon expects deal with Lockheed, Pratt on next F-35 lot by end May

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The US Air Force general who runs the F-35 fighter jet program for the Pentagon said he expected to reach agreement with both Lockheed Martin Corp and engine-maker Pratt & Whitney by the end of May for the next order of fighter planes, Reuters reports.

Lieutenant Chris Bogdan told reporters he expected Pratt, a unit of United Technologies Corp to lower the cost of the engine it builds for the fighter plane by more than the 2.5 percent reduction seen in the last contract.

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