Lockheed Martin Seeks Faster Way to Contest F-16 Contract Prices

A Lockheed Martin unit will ask an appeals court Thursday to reinstate claims that the $2 billion the US Air Force agreed to pay under F-16 fighter jet contracts wasn’t enough.

The deals to provide Singapore and South Korea with aircraft upgrades under the Foreign Military Sales Program were structured in a way that allowed the Air Force to set prices on its own after unsuccessful negotiations.

Lockheed Martin—in what it calls a matter of first impression for the US Court of Appeals for the Federal Circuit—seeks to make it easier for contractors to contest prices set by federal agencies ...