Lockheed, Mitsubushi Heavy sign deal for F-35 assembly

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Lockheed Martin Corp ( id="symbol_LMT.N_0">LMT.N) has signed a contract with Mitsubishi Heavy Industries Ltd ( id="symbol_7011.T7011.T) to begin work on a final assembly and check-out plant for the F-35 Joint Strike Fighter in Japan, it said on Wednesday.

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Steve O'Bryan, Lockheed vice president on the F-35 program, announced the contract agreement at the Paris Airshow. He declined to give details on the value of the contract.

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A similar facility built in Italy to assemble F-35 jets in Europe cost an estimated 800 million Euros ($1.1 billion).

(Reporting By Andrea Shalal-Esa; Editing by Greg Mahlich)

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