Lockheed F-35 deal valued at $3.8 billion: source


Lockheed Martin Corp's agreement with the Pentagon for 32 additional F-35 fighter jets is valued at around $3.8 billion, although the two sides are still finalizing details, a source familiar with the agreement told Reuters.

The price of each of the new planes in the fifth batch of F-35s would be less than 50 percent of the price of the planes in the first batch, said the source, who was not authorized to speak publicly.

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(Reporting By Andrea Shalal-Esa; Editing by Gerald E. McCormick)