Lockheed Martin has reimbursed the Air Force the $265 million it inadvertently overcharged the service for F-35 development, with interest, company spokespersons said Wednesday. The repayment was not in the form of discounts on future purchases, foregoing progress payments, or other mechanisms commonly used in such circumstances. “We cut a check,” a company spokeswoman said.
Lockheed Martin plans to enter the Advanced Tactical Trainer fray to supply the Air Force with a new jet to bridge between undergraduate flight instruction and fighter training units, but declined to say whether it will offer a T-50A derivative, a different non-developmental airplane, or a clean-sheet design. It's comments…